The National Bank of Cambodia recently published its annual report, disclosing continued growth in the Bakong blockchain-based payment...
Tokenized deposits
Increasingly tokenized deposits or deposit tokens are viewed as an alternative to stablecoins or a retail CBDC, preserving the two tier banking system. Payments with tokenized deposits can be functionally more complex compared to stablecoins and CBDC. When someone pays using a bank token, there is additionally a movement in conventional money.
Some countries, such as Korea and Brazil, are additionally exploring wholesale CBDCs as an interbank settlement asset. Banks are exploring various use cases, ranging from wholesale or interbank use to corporate applications and consumer payments.
Ledger Insights Research has published a report on tokenized deposits, bank stablecoins and DLT payments, providing a map and description of more than 70 projects. It also explores design criteria in depth.
Brazil’s DREX wholesale CBDC pilot has been ‘challenging’
Banco Central do Brasil has published a report on the first phase of its DREX tokenization pilots. They include a wholesale central bank...
Bank of America considers stablecoin launch
Bank of America’s CEO Brian Moyniham is mulling the launch of a stablecoin if regulators allow it. He spoke about it yesterday...