National Bank of Georgia (NBG) - Digital Pound Foundation

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 […]

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Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors. The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.

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