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 […]
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 […]
Project Polaris: Handbook for offline payments with CBDC
Source: BIS DOWNLOAD THE HANDBOOK A survey conducted by the BIS Innovation Hub Nordic Centre shows that 49% of central banks consider offline payments with retail CBDC to be vital, while another 49% deemed it to be advantageous. Providing offline payments with CBDC is an important requirement for many central banks for reasons such as […]
Central bank digital currencies in Africa
Source: BIS This paper, based on a survey to central banks, analyses the development, motivations and concerns of central bank digital currencies (CBDCs) in Africa relative to other emerging and developing regions. The interest of African central banks in CBDCs has shot up in recent times. While all of those surveyed are analysing CBDCs, only […]
BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols
Source: BIS The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. It will seek to examine the potential […]
Project Aurum: a prototype for two-tier central bank digital currency (CBDC)
Source: BIS Project Aurum is a collaboration between the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, and the Hong Kong Applied Science and Technology Research Institute. Aurum is a full-stack (front-end and back-end) central bank digital currency (CBDC) system comprising a wholesale interbank system and a retail e-wallet system. The aim was […]
Project Rosalind Phase 1 – Invitation for Expression of Interest (EOI) for API Users and Advisors Group
Using CBDCs across borders: lessons from practical experiments
BIS to launch market intelligence platform amid stablecoin, DeFi collapse
Gaining momentum – Results of the 2021 BIS survey on central bank digital currencies
