The Universal Digital Payments Network (UDPN) is a wholesale DLT messaging network that aims to connect payments across various digital currencies and blockchain networks. These include regulated stablecoins, deposit tokens and central bank digital currencies (CBDCs). Today, it announced it partnered with the Digital Pound Foundation (DPF) and became a member.
UDPN was founded by Red Date Technology, the cofounder of the China’s Blockchain-Based Service Network. Other partners include GFT on the technology front and TOKO, a tokenization spinout from DLA Piper. The goal is to enable interoperability between digital currencies.
“Adding UDPN to our partners programme provides an exciting opportunity for our members to engage with their work, including the potential to be involved in UDPN’s sandbox and proofs of concept, helping drive forward concrete use cases for CBDCs and stablecoins globally,” said Jannah Patchay, Executive Director, Digital Pound Foundation.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
