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Germany’s DekaBank issues digital bond in ECB’s wholesale digital euro trial
DekaBank issued the ‘crypto’ security on its SWIAT blockchain infrastructure, with the buyer—Metzler Bank—making the payment in the wholesale digital euro.
DekaBank issued the ‘crypto’ security on its SWIAT blockchain infrastructure, with the buyer—Metzler Bank—making the payment in the wholesale digital euro.
After successful pilots and collaboration with the Bank of International Settlements, BOI Deputy Governor Andrew Abir said it was waiting for a major Western central bank to launch before implementing Israel's CBDC.
The ECB experimentation was for the region's CBDC, the digital euro, and is an attempt to bring more use cases to other large financial institutions.
The European Union is a step closer to realizing its vision for an EU-wide CBDC with its first comprehensive update, detailing its plans for offline functionality, holding limits and tender process.
For the upcoming trials in July, DLT operators, comprising 48 private firms, will pilot cross-border and PvP transactions in an attempt to revolutionize the global financial system.
Members of the European Central Bank’s governing board called on central banks to increase the pace of tech exploration as their business models are at risk as cash use wanes.
The ECB is establishing seven new ‘workstreams’ to develop the digital euro rulebook, and experts in payments infrastructure and architecture were encouraged to apply by April 5.
The ECB Rulebook Development Group report provides an insight into the technical aspects of the European Union’s central bank digital currency design.
Eurosystem has initiated trials for blockchain-based interbank transfers, assessing solutions like Italy's TIPS Hash and France's Full-DLT, open to diverse financial institutions for participation between May and November 2024.
The European Central Bank recently held a meeting in which it outlined the themes it’s exploring, including assessing the demand for a wholesale CBDC and the need for atomic payments.
The digital euro project enters a new phase following the conclusion of the investigatory period, but while the EU inches closer to embracing a CBDC, it's far from being a done deal.
The preparation phase of the digital euro will formally kick off on November 1 and is projected to last for two years—with a keen focus on finalizing the 'digital euro rulebook.'