📢 The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland have just announced the successful completion of Project Mariana - a new CBDC initiative.
🌐 This project examined the trading and settlement of wholesale central bank CBDC (wCBDC) between financial institutions.
🤝 BIS and central banks cooperate in testing CBDC, using DeFi technology on public blockchain, opening up new prospects in the world of cryptocurrency.
🔍 During this process, the parties discussed establishing technical standards for tokens and creating bridges to enhance the smooth transition of wCBDC.
💡 Incorporating DeFi technology, such as automated market makers (AMMs), could pave the way for a new generation of financial market infrastructure.
🔬 However, according to reports, this is only a testing phase. BIS intends to continue researching the opportunities and challenges related to CBDC and related technology with its partners.
📅 Project Mariana is an important step forward in improving cross-border payments and will likely be mentioned at the Banque de France conference on October 3.
🌐 This project examined the trading and settlement of wholesale central bank CBDC (wCBDC) between financial institutions.
🤝 BIS and central banks cooperate in testing CBDC, using DeFi technology on public blockchain, opening up new prospects in the world of cryptocurrency.
🔍 During this process, the parties discussed establishing technical standards for tokens and creating bridges to enhance the smooth transition of wCBDC.
💡 Incorporating DeFi technology, such as automated market makers (AMMs), could pave the way for a new generation of financial market infrastructure.
🔬 However, according to reports, this is only a testing phase. BIS intends to continue researching the opportunities and challenges related to CBDC and related technology with its partners.
📅 Project Mariana is an important step forward in improving cross-border payments and will likely be mentioned at the Banque de France conference on October 3.