Giesecke+Devrient (G+D) through its venture arm has invested in CBDC simulation firm FNA, alongside existing investors IQ Capital and Getty Lab. German-headquartered G+D is best known for providing technology services to central banks to manage banknotes, which accounted for 45% of its €2.3 billion ($2.7bn) 2020 revenues. The Munich firm is now active in central bank digital currencies (CBDC) and was recently awarded a contract by the Bank of Thailand for a CBDC prototype. G+D has an existing partnership with FNA for the CBDC simulator.
Financial Network Analytics (FNA) is a UK-based deep tech startup that focuses on payment networks. Its solutions include technology for regulatory supervision (SupTech), intraday liquidity analytics for banks, and the CBDC simulator.
Every central bank is likely to have a unique set of motivations for introducing a CBDC, and the existing structure of payment systems will differ between countries.
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