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This phase, part of the Immediate State of Project Garuda, focused on testing a distributedledgertechnology (DLT)-based wholesale cash ledger system to assess its feasibility, security, and compatibility with Indonesia’s financial ecosystem.
Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. To achieve this, the PoC focused on three key processes: issuance, redemption, and fundtransfers.
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