2025 Could Be a Turning Point for Central Bank Digital Currencies: OMFIF
A new report by OMFIF, in partnership with Giesecke+Devrient, is set to explore the factors contributing to central banks’ hesitation about launching central bank digital currencies (CBDCs). This research highlights the ongoing progress in CBDC development globally, despite some central banks still being undecided about issuance. As more research and experimentation continue, 2025 could see […]
Guangzhou Unveils CBDC Action Plan to Boost Adoption and Innovation
The Office of the Financial Committee of the CPC Guangzhou Municipal Committee has issued a comprehensive action plan to further promote the use of the digital renminbi (RMB) in the city. The “Action Plan for Further Promoting Digital RMB Work in Guangzhou” aims to strengthen the digital currency’s role in enhancing the local economy and […]
Russia’s Largest Bank, Sberbank, Joins Digital Ruble CBDC Pilot Amid Tight Timeline for Launch
Russia’s largest bank, Sberbank, has officially joined the pilot programme for the digital ruble, alongside leading digital bank TBank (formerly Tinkoff) and Tochka Bank. This comes as a significant development, as Sberbank was notably absent from the initial group of banks participating in the Central Bank Digital Currency (CBDC) trials, which began in August 2023. […]
Shaktikanta Das Departs RBI, Stresses Potential of Digital Rupee for India’s Economy
On his final day as Governor of the Reserve Bank of India (RBI), Shaktikanta Das outlined his vision for India’s economic transformation through the adoption of the central bank digital currency (CBDC), the digital rupee. In his farewell address on 10th December, Das reflected on his six-year tenure, during which he championed technological innovation. Notable […]
Digital Rupiah: Bank Indonesia Evaluates R3’s Corda and Ethereum-Based Hyperledger Besu for CBDC Infrastructure
Bank Indonesia has released new findings as part of its three-phase plan to develop a central bank digital currency (CBDC) for the digital rupiah. The central bank’s latest work highlights a technical proof of concept (PoC) for wholesale CBDC (wCBDC), evaluating two blockchain technologies: R3’s Corda and the Ethereum-based Hyperledger Besu. While no definitive choice […]
Societe Generale-FORGE Leverages Ethereum Blockchain and Wholesale CBDC for Repo Transaction
Societe Generale-FORGE (SG-FORGE) has announced the successful execution of a repurchase (repo) transaction involving a wholesale central bank digital currency (wCBDC) and a digital bond issued on a public blockchain. The bond, originally issued in 2020, was utilised in a repo trade that demonstrates the evolving role of distributed ledger technology (DLT) in financial markets. […]
NOBO Joins the Digital Pound Foundation to Help Drive Change in Financial Services Across Europe and Africa
We are excited to announce the addition of NOBO, a fintech that is reducing friction in financial services across Europe and Africa with blockchain and open banking, to the Digital Pound Foundation (DPF) as Associate Members. NOBO’s mission is to provide seamless, secure, and efficient financial services through innovative technology solutions. By leveraging blockchain, integrating […]
University of Cambridge Publish New Report on Wholesale Central Bank Digital Currencies
The University of Cambridge has released a new report, Wholesale Central Bank Digital Currencies: Approaches, Implementation Strategies and Use Cases, authored by Keith Bear, Hatim Hussain, Polina Vertext, Hugo Coelho, and Bryan Zhang. Drawing from extensive research, consultations with industry stakeholders, and interviews with regulators, the report delves into the key motivations, models, and policy […]
The Bank of England’s New Paper Explores the Role of a CBDC in a Digital Economy
The Bank of England has published a new paper titled “The Role of Central Bank Digital Currency in an Increasingly Digital Economy“. The paper examines the potential benefits and implications of introducing an unremunerated retail central bank digital currency (CBDC) against the backdrop of declining cash usage and growing online transactions in the UK. The […]
Manchester University’s Centre of FinTech Studies Partners with the Digital Pound Foundation
We are pleased to announce that Manchester University’s Centre of Financial Technology (FinTech) Studies has joined the Digital Pound Foundation (DPF) as a strategic partner. The Centre of FinTech Studies is a Knowledge and Research hub set up by the Alliance Manchester Business School in 2022 to explore digital advancements in finance. It collaborates with […]
