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MAS to Explore Wholesale CBDC for Settlement Among Series of Tokenisation Plans

Fintech News

To speed up progress, MAS is now pushing for participants to commercialise their findings, fostering a connected network for trading tokenised assets. Access to a common settlement facility is also being facilitated through the SGD Testnet, featuring S$ wholesale central bank digital currency (CBDC) for market testing.

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Australia seeks industry participation in CBDC project

Finextra

The Reserve Bank of Australia is calling on industry players to take part in the experimental research phase of a project exploring the development of a wholesale CBDC and tokenised bank deposits.

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How OpenWay’s Way4 Enabled the First CBDC Card Transaction in Eurasia

Fintech News

Central bank digital currencies (CBDCs) have largely existed in the virtual realm, with transactions initiated primarily through web and mobile interfaces. However, a significant shift has occurred with the launch of Eurasia’s first CBDC cards in Kazakhstan, providing 20 million consumers with a new, tangible way to manage CBDC funds.

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RAKBANK Completes International CBDC Transaction Using eCNY and Digital Dirham

The Fintech Times

RAKBANK has successfully exchanged a remittance using China’s digital Yuan (eCNY) in exchange for the Digital Dirham, the UAE’s CBDC. Additionally, this platform allows participating central and commercial banks to conduct real-time, peer-to-peer cross-border payments and foreign exchange transactions.

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CBDCs in practice: What we’ve learned from the early movers

The Payments Association

James Hurren explores what early CBDC deployments across Asia, the Caribbean, and Europe reveal about usage, adoption, and the future of cross-border digital money. Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments.

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SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems

Fintech News

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

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Monetary Authority of Singapore Unveils Plans to Enable Industry-Wide Adoption of Tokenisation

The Fintech Times

We are encouraged by the keen participation from financial institutions and fellow policymakers to co-create industry standards and risk management frameworks to facilitate commercial deployment of tokenised capital markets products, and scale tokenised markets on an industry-wide basis.”