BIS and four central banks hail pilot trials of CBDCs in cross-border FX transactions
The Bank for International Settlements (BIS) and four central banks have completed a successful pilot of the use of central bank digital currencies (CBDCs) by commercial banks for foreign exchange transactions across borders, as part of Project mBridge.
Project Helvetia: Delivery versus payment with w-CBDC (PoC1)
Project Helvetia, a joint proof-of-concept experiment between the Bank for International Settlements’ Innovation Hub Swiss Centre, the Swiss National Bank and the financial infrastructure operator SIX Group, successfully shows the feasibility of integrating tokenised digital assets and central bank money. https://www.bis.org/publ/othp35.htm
Exploring Cross-Border Use Cases of CBDCs
105 countries are exploring a potential CBDC, according to The Atlantic Council. CoinDesk Executive Director of Global Content Emily Parker discusses the latest developments on cross-border use cases of central bank digital currencies (CBDCs).
Improving cross-border payments – should central banks leave it to the private sector?
The session sheds light on efforts to improve cross-border payments and the role of the public and the private sector in this process.
The session was part of the BIS Innovation Summit 2022: https://www.bis.org/events/bis_innovation_summit_2022/overview.htm
Speakers: Thomas Jordan (Chairman of the Governing Board, Swiss National Bank), Sir Jon Cunliffe (Deputy Governor, Bank of England), Tony McLaughlin (Managing Director, CITI) and Catherine Gu (Head of CBDC, Digital Currency, Visa).
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Project Jura – Cross-border settlement using wholesale CBDC
Jura explores the direct transfer of euro and Swiss franc wholesale central bank digital currencies (wCBDCs) between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades are settled safely and efficiently using payment versus payment (PvP) and delivery versus payment (DvP) mechanisms. https://www.bis.org/about/bisih/topics/cbdc/jura.htm