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BIS completes CBDC cross-border trading and settlement test with three central banks
The Bank for International Settlements (BIS) announced the successful completion of Project Mariana, which explored the cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) between financial institutions using new decentralized finance (DeFi) technology concepts on a public blockchain. Project Mariana – which was jointly developed by the Swiss, Singapore, and Eurosystem BIS Innovation Hub (BISIH) centers in collaboration with Banque de France, the Monetary Authority of Singapore, and the Swiss National Bank – employed a novel proof-of-concept (PoC) that “successfully tested ... (full story)
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- Posted: Sep 28, 2023 10:18pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 136
