wholesale CBDC Archives

Indonesia’s central bank eye CBDC trial for 2024

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5 January, 2024

Indonesia’s central bank eye CBDC trial for 2024

Bank Indonesia's plans for its central bank digital currency, the digital rupiah, will focus on wholesale interbank settlement using blockchain...

Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS

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Wahid Pessarlay

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24 December, 2023

Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS

Bank of Korea is collaborating with LG CNS to develop a CBDC system for tokenized deposits, utilizing LG CNS's expertise,...

Switzerland’s central bank launches wholesale CBDC pilot with UBS, commercial banks

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Wahid Pessarlay

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9 November, 2023

Switzerland’s central bank launches wholesale CBDC pilot with UBS, commercial banks

The pilot, dubbed Helvetia Phase III, builds upon two previous studies with collaborations from the Bank for International Settlements and...

BIS releases details for widely anticipated Project mBridge ahead of MVP

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Wahid Pessarlay

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5 November, 2023

BIS releases details for widely anticipated Project mBridge ahead of MVP

Project mBridge is inching forward to launching an MVP in 2024, and to achieve this, the Bank for International Settlements...

Bangko Sentral ng Pilipinas CBDC pilot ‘Project Agila’ pushes through with blockchain testing

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Ana Peligro

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9 September, 2023

Bangko Sentral ng Pilipinas CBDC pilot ‘Project Agila’ pushes through with blockchain testing

The Philippines is pressing ahead with its wholesale CBDC project, announcing Hyperledger Fabric as its DLT and unveiling a string...

Indonesia’s central bank unveils wholesale CBDC consultation process

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Wahid Pessarlay

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13 February, 2023

Indonesia’s central bank unveils wholesale CBDC consultation process

Project Garuda's second phase will explore CBDC usage in the tokenization and settlement of securities transactions.

Saudi Arabia’s central bank studying CBDC but mum on deployment date

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Wahid Pessarlay

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28 January, 2023

Saudi Arabia’s central bank studying CBDC but mum on deployment date

Saudi's central bank noted that the early stages of the state-backed digital currency experiments would involve reviewing the legal implications...

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

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Wahid Pessarlay

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26 January, 2023

Israel, Sweden, Norway collaborate on retail CBDCs to offer instant cross-border transactions

Retail CBDCs could solve cross-border friction, but Yaron admitted that several challenges remain, including enforcing AML rules and possibly pushing...

Philippines central bank pushes through with wholesale CBDC plans to improve payments

Business

Wahid Pessarlay

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17 January, 2023

Philippines central bank pushes through with wholesale CBDC plans to improve payments

Bangko Sentral ng Pilipinas said it will not be exploring the retail version of its central bank digital currency but...

Spain’s central bank dives head first into CBDCs with new study

Business

Wahid Pessarlay

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13 December, 2022

Spain’s central bank dives head first into CBDCs with new study

The Bank of Spain joins nations exploring CBDCs, with plans to utilize the digital version of its currency, focusing on...

Bank Indonesia publishes white paper with keen focus on wholesale CBDC

Business

Wahid Pessarlay

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7 December, 2022

Bank Indonesia publishes white paper with keen focus on wholesale CBDC

Bank Indonesia will launch its digital rupiah under Project Garuda, which will be trialed in three phases, with wholesale CBDC...

New York Fed partners Singapore in wholesale CBDC trial

Business

Steve Kaaru

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16 November, 2022

New York Fed partners Singapore in wholesale CBDC trial

The Federal Reserve Bank of New York, which also launched another trial with major U.S. lenders, made it clear that...

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