Germany’s Central Bank Details Blockchain Trading Test Results
For Germany’s central bank, blockchain has proven to be a promising – if not somewhat complicated – technology. In late November, the Deutsche Bundesbank announced that it was working with exchange operator Deutsche Börse on a securities trading trial, using blockchain as a means of exchanging digitized securities, while also creating a record of those transactions. At the time, the central bank described the test as "purely a conceptual study". New comments from Bundesbank executive board member Carl-Ludwig Thiele have shined a light on some of the results from that test. Thiele....
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France’s central bank quietly released new details about its work with blockchain last week. The Banque de France said on Friday that it had tested the tech for hypothetical use in the management of SEPA Credit Identifiers, or identification markers used to establish the identity of creditors within the Single Euro Payments Area. The trial marks its first publicly acknowledged blockchain trial. According to the central bank, one of the key participants in the trial was the Caisse des Dépôts et Consignations, a public-sector organization that acts as a kind of investor on behalf of the....
The Bank of Canada has announced that it will soon publish the results of its own coordinated blockchain experiment. As part of the project, the bank built a functioning blockchain prototype and fiat-backed digital token. The Central Bank of Canada Has Tested Blockchain Protocol. Carolyn Wilkins, the central bank’s senior deputy governor, said the bank....
The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this new test will include a fixed supply of the mentioned token, and detailed this pilot will be executed during the last six months of this year.
Central Bank of Brazil Advances CBDC Project
The Central Bank of Brazil has offered details about the advancements it has made regarding its CBDC project, the digital real. Its president,....
Germany’s central bank has built a new blockchain prototype focused on securities trading. The Bundesbank developed the prototype in partnership with exchange operator Deutsche Börse, with further testing between the two sides planned over the next few months. The German central bank said today that the project constitutes the first joint initiative with Börse, describing it as “purely a conceptual study”. The prototype is said to enable the transfer of both electronic securities as well as “digital coins”, as well as functions for coupon payments and the redemption of mature securities,....
In its New York subsidiary, the U.S. Federal Reserve (Fed) completed the first test of Project Cedar, the initiative testing a central bank digital currency (CBDC). The New York Innovation Center (NYIC) carried out this first phase and highlighted the potential for digital assets and blockchain technology to improve legacy payment rails. Related Reading: Twitter […]