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Cboe Clear Europe participates in Eurosystem CBDC trial

Finextra

Cboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystem’s recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money.

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Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

Fintech Finance

It will also explore additional features that could form part of an SO’s offering, such as those that could help reduce the liquidity needs of participants. To achieve its objectives, Meridian FX will build on the technology behind the SO, allowing it to connect two RTGS systems based in different jurisdictions.

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Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The platform now invites further international participation and private sector proposals for value-added solutions.

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Banco Santander, Lloyds Banking Group, and UBS Successfully Settle Pilot Uncleared Margin Transfers in the Sterling Fnality Payment System

Fintech Finance

This real-world proof-of-concept proves that Fnality can be used to make bilateral margin payments using the £FnPS, and marks the first instance of a fully regulated Distributed Ledger Technology (DLT)-based payment system being used to settle margin for the purposes of real-world inter-bank derivative exposures.

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Eurosystem Completes First of Many Experiments To Test DLT Central Bank Money Settlements

The Fintech Times

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies. The indirect model featured an on-chain DLT-based solution developed by UDPN engineers.

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Is ‘Embedded Regulation’ The Key To Stablecoins’ Success?

PYMNTS

To that end, a Bank for International Settlements ( BIS ) study concludes that “embedded regulation” might offer a solution for stablecoins, defined as cryptocurrencies with values tied to fiat currencies or other assets. Embedded supervision can center on data collection and supervision.