Yesterday the Bank of Korea and Korea Exchange signed an agreement to collaborate in exploring DLT and central bank digital currency (CBDC) for carbon trading. Simulated trials will take place in the third and fourth quarters of 2024.
Both organizations already have related programs. The Korea Exchange is currently conducting simulated DLT experiments and plans to support listed security tokens next year. The central bank said this trial would form part of its CBDC usability tests.
Earlier this month the Bank of Korea announced wholesale CBDC trials, where the CBDC will act as a settlement asset for tokenized deposits. At the time it also mentioned the BIS Unified Ledger concept. This additionally includes tokenized assets – potentially including carbon credits – on the same infrastructure.
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