Quant Elevates Blockchain Security with its New Central Bank-Grade Key Management Solution
In a significant development for the banking and financial sector, a pioneering solution called Overledger Authorise has been launched to bolster the security of blockchain-based transactions. Historically, financial institutions have banked on advanced key management systems to shield data, applications, and transactions. The dawn of blockchain and digital assets posed a challenge: the prevailing key […]
Spanish Banks Investigate Merging of Digital Euro into Current Payment Frameworks
Whilst the future of the digital euro is still unknown, some Spanish banks have recently unveiled the outcomes of their digital euro trials, prominently featuring their experiments with Bizum, the bank-backed payment app that’s familiar to half of Spain’s populace. Prominent Spanish banking institutions like Santander, BBVA, CaixaBank, and Sabadell actively engaged in this trial. […]
Debating the Digital Euro: ECB’s Christine Lagarde Assures Delay Amid Concerns
Those keenly watching the European Central Bank (ECB) for a definitive stance on the digital euro might have to wait longer than expected. The digital finance realm and policymakers received varied signals from the ECB, wrapping up its two-year study on a consumer-centric central bank digital currency (CBDC). Stefan Berger, a notable figure from the […]
Exploring the Potential of Digital Assets in Wholesale Markets | Poundcast Episode 11
In this episode of Poundcast, Jannah Patchay speaks with Duncan Trenholme, Managing Director and Global Co-Head of Digital Assets at TP ICAP. They discuss why TP ICAP became interested in digital assets for wholesale markets and the potential barriers to mass adoption. Duncan shares insights on settlement, wholesale central bank digital currencies, and the transformative […]
Ripple Labs shortlisted by National Bank of Georgia for Digital GEL CBDC Project
The National Bank of Georgia (NBG) has recently named Ripple Labs, among eight other contenders, as potential tech collaborators for its impending Central Bank Digital Currency (CBDC) pilot project, named “Digital GEL”. On September 28, 2023, NBG released an official statement expressing its plan to launch a “Limited Access Live Pilot Environment”. This is intended […]
Project Mariana: Final Report Confirms Successful Cross-Border Trading Of Wholesale Central Bank Digital Currencies (wCBDC)
The Bank for International Settlements (BIS) in collaboration with the central banks of France, Singapore, and Switzerland has successfully trialed cross-border transactions using wholesale central bank digital currencies (wCBDC). This was revealed in a report released on Thursday. You can download it here. Under the banner of Project Mariana, a prototype was developed using simulated […]
CBDCs: A New Chapter in Global Banking
Source: Ripple The emergence of blockchain technology, coupled with real-world use cases and the dramatic free fall in global cash usage have led to a surge in CBDC research and development today. Nine out of ten central banks are actively exploring CBDCs, and Juniper Research predicts CBDC payments will reach $213 billion by 2030. This boom is […]
The Evolution of Finance: The Role of Digital Settlement Assets in Transforming Financial Markets
In this webinar, our panellists discuss the role of wholesale settlement assets in the financial services ecosystem, looking at questions such as: Panellists include:
Future Bank of England Deputy Governor: Crypto Not Gambling, Should Be Treated as a Financial Activity
Sarah Breeden, who assumes the role of deputy governor of financial stability at the Bank of England on November 1, has drawn attention to the potential risks associated with cryptocurrencies while also highlighting the advantages of the underlying technology. She made these remarks during a session with Parliament’s Treasury Committee. In her new position, Breeden, […]
BIS: Stablecoins vs. Tokenized Deposits – Implications for the Uniqueness of Currency
The modern monetary system rests upon a fundamental concept known as the “uniqueness of currency.” This principle ensures that monetary transactions are not subject to fluctuating exchange rates between various forms of money, whether they are privately issued (e.g., deposits) or publicly issued (e.g., cash). The uniqueness of currency establishes an unequivocal unit of account […]
