CBDC Interbank Settlement Use Case 
Finextra
JULY 27, 2025
Here’s a at the evolution, real-world potential, and future of CBDC-linked instruments in transaction banking. Retail CBDC Trials: India’s e₹ (Digital Rupee) pilot unlocks person-to-merchant (P2M) and person-to-person (P2P) payments via CBDC wallets, demonstrating zero counterparty risk transfers without commercial bank rails.
The Fintech Times
AUGUST 28, 2024
Through the project , HKMA explores financial market infrastructure that facilitates seamless interbank settlement of tokenised money through a wCBDC. Having completed building the sandbox, HKMA will use it to facilitate interbank settlement using experimental tokenised money, focusing on transactions involving these tokenised assets.
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The Fintech Times
MARCH 7, 2024
Through the new project, Hong Kong Monetary Authority will explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through a wholesale CBDC. ” As part of Project Ensemble, later this year, HKMA will launch a new wCBDC Sandbox.
Fintech News
DECEMBER 20, 2023
Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.
Fintech News
MAY 29, 2025
Hence, no Chinese tech company has launched RMB-pegged crypto stablecoins for public use. Instead, the emphasis has been on the Digital Currency Electronic Payment (DCEP) system, Chinas official CBDC. million (US$2.8 In tandem, India is advancing its own CBDC initiative.
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