Bank of Korea to Launch CBDC Pilot for Real-World Transactions

Interoperability

According to an article from Choi Ari and Lee Jae-eun at Cushon Daily, the Bank of Korea (BOK) has announced the launch of Project Hangang, a three-month pilot program to test the use of a central bank digital currency (CBDC) in real-world transactions. Scheduled to run from April to June, the initiative will allow 100,000 […]

Payment Systems Consultancy Joins the Digital Pound Foundation

Functional needs for personal data within a payments system

We are very pleased to announce the addition of Payment Systems Consultancy to the Digital Pound Foundation’s membership community. Its founder, Phil Kenworthy, a former Chief Executive of CHAPS and member of the UK Access to Cash Panel, has already been a valuable contributor to the DPF’s work over the past three years in his […]

Nottingham Business School Partners with the Digital Pound Foundation

Nottingham Business School

We are pleased to announce that the Nottingham Business School (NBS) has joined the Digital Pound Foundation (DPF) as a partner. NBS collaborates with universities and commercial partners globally to deliver leading research and innovative solutions that positively impact communities worldwide. Through its Centre for Finance, Technology, and Society, as well as its Accounting and […]

Quant Partners with Oracle to Advance Blockchain Interoperability

Interoperability

Oracle has announced the launch of the Oracle Blockchain Platform Digital Assets Edition (OBP DA), an enterprise-grade solution designed to streamline the development and deployment of digital asset applications. The platform aims to simplify tokenisation by providing a unified ledger framework, integrating bank-grade distributed ledger infrastructure with pre-packaged smart contracts, APIs, indexing databases, web applications, […]

Project Rialto: Advancing Instant Cross-Border Payments with Central Bank Money Settlement

Rialto Bridge

The Bank for International Settlements (BIS) has released an interim report on Project Rialto, an initiative aimed at improving retail cross-border payments through interlinked instant payment systems and settlement in central bank money (CeBM). As part of a broader effort to enhance payment efficiency globally, this project explores ways to reduce costs, enhance speed, and […]

OMFIF Study Urges Central Banks to Move Forward with CBDCs

Time is ticking for CBDCs

A new report from the Official Monetary and Financial Institutions Forum (OMFIF) calls for decisive action from central banks on the issuance of central bank digital currencies (CBDCs). Titled CBDCs: It’s Time for Action, the study argues that hesitancy over implementation risks delaying crucial innovations in financial inclusion, resilience, and monetary sovereignty. The findings underscore […]

R3 and IDEMIA Collaborate to Support Secure Offline CBDC Transactions

Offline payment

R3, a provider of digital solutions for financial markets, has announced a partnership with IDEMIA Secure Transactions (IST), a division of IDEMIA Group, a global provider of security and connectivity solutions. This collaboration aims to support the Central Bank Digital Currency (CBDC) landscape by integrating IST’s offline payment solution into R3’s Digital Currency platform, enabling […]

DPF Response to the FCA/PSR “Big Tech and Digital Wallets” Call for information

Mobile wallet on smartphone

The Digital Pound Foundation welcomes the opportunity to respond to the Call for Information on Big Tech and Digital Wallets from the Financial Conduct Authority (FCA) and Payments Systems Regulator (PSR). Our full response is available to read below. Alternatively, you can download a PDF copy of the full submission here. 1. Overview of the […]

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