Today the Bank for International Settlements (BIS) Innovation Hub outlined its roadmap of work with central banks, which includes several central bank digital currency (CBDC) projects as well as a distributed ledger technology (DLT) solution for retail green bonds.
Four projects were outlined, two are new initiatives and three are for wholesale CBDCs or bank to bank usage.
The upcoming retail project will be based in Hong Kong and is focused on the tiered distribution of a retail CBDC via banks and payment service providers. Plans involve trialing a hybrid CBDC as well as private CBDC-backed stablecoins. Below is a BIS graphic published last year on different types of CBDC.
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