The Bank for International Settlements (BIS) and the central banks of France, Singapore and Switzerland announced the successful completion of a new CDB initiative called Project Mariana.
- The project tested cross-border trading and settlement of wholesale CBDCs (wCBDC) between financial institutions
- The experiment used the concepts of decentralized finance (DeFi) technology on a public blockchain network
- Project Mariana is the basis for improving cross-border payments and will be presented at the Bank of France conference on October 3