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German Central Bank Joins MAS-Led Project Guardian

Fintech News

Launched in May 2022, Project Guardian brings together policymakers and key financial industry players to improve market liquidity and efficiency through the innovative use of technology. The Bundesbank is very pleased to be cooperating with a partner that is as competent as MAS.”

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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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European Commission launches a blockchain regulatory sandbox

The Paypers

The European Commission has launched a new regulatory sandbox for innovative use cases involving Distributed Ledger Technologies (DLT).

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B2B Use Cases Drive Up Real-Time Demand

PYMNTS

In this week's roundup of payment rail innovation, PYMNTS finds B2B payments use cases serve as an important driver of adoption, with FinTechs and financial service providers embracing payment rails old and new to enable real-time B2B payments and foreign exchange. In the latest show of support for distributed ledger technology, J.P.

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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 PoC explored two models.

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Bitcoin Daily: Italy's Banks Test Digital Euro On DLT

PYMNTS

The digital currency in trial is supported by distributed ledger technology (DLT), and the two-part experiments also aim to examine the use cases of a DLT-enabled currency.

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Essential DeFi strategies for financial transformation

The Payments Association

The technology is particularly appealing for its potential to increase financial inclusion and empower unbanked populations like Sierra Leone. Major use cases include liquid staking and money lending, primarily supporting crypto investments. DeFi’s total value locked (TVL) stood at approximately $87.5