EnsembleTX, the tokenized deposit pilot run by the Hong Kong Monetary Authority (HKMA), has extended the interbank settlement channel...
CBDC
Until recently the central bank digital currency (CBDC) emphasis has been on consumer oriented or retail usage. In the last few months, there's been considerably more talk about wholesale applications. In the past, the primary central bank interest in wholesale CBDC was for cross border payments. One example is the mBridge project from the central banks of China, Hong Kong, Thailand and the UAE.
A key driver of Europe's current wholesale exploration is the potential usage of DLT in capital markets. To a lesser extent, it could also support tokenized deposits. The BIS recently proposed the concept of a Unified Ledger, a network that could support CBDC, tokenized deposits and other digital assets. Europe plans to incorporate this into its wholesale trials.
Examples of wholesale projects to support tokenized bank depoits include Hong Kong's Project Ensemble and Korea's initiative.
ECB picks Nexi and Telefónica consortia to run digital euro network connections
The European Central Bank (EC) has chosen two groups of companies to provide the network plumbing for its digital euro central bank...
DBS survey finds 67% of corporates have already adopted tokenized money
Singapore’s DBS Bank commissioned EY to conduct an international survey of large corporates with revenues of $500 million or more...
