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BIS Exits ‘Project mBridge’ Citing Maturity Amid BRICS Speculation

Fintech News

The Bank for International Settlements ( BIS ) Innovation Hub announced that it has “graduated out” of Project mBridge. Project mBridge is a major cross-border payments initiative designed to leverage wholesale central bank digital currencies (CBDCs).

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Australia Launches Major Tokenisation Pilot with Central Bank and Industry Players

The Fintech Times

Australia’s central bank and a government-backed research centre have selected 24 industry participants to trial digital settlement systems for tokenised assets, in a project exploring the future of wholesale finance.

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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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Key considerations for the adoption of digital currencies

Finextra

Central banks across 66 countries are now in the advanced phases of exploring Central Bank Digital Currencies (CBDCs), with 44 pilots including the digital euro already underway. But digital currencies do not stand on their own. Digital currencies can be issued by central banks (aka.

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Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

Indonesia has reached a significant milestone in its journey toward exploring the potential of Central Bank Digital Currencies (CBDCs) with the completion of the Proof of Concept (PoC) for the wholesale Digital Rupiah under the auspices of Bank Indonesias Project Garuda.

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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. Leading banks such as Citi, HSBC, and Standard Chartered have formed the Guardian Wholesale Network to build this ecosystem.

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UBS Successfully Pilots Blockchain-based Payment Solution for Cross-Border Transactions

The Fintech Times

.” In the pilot, UBS successfully carried out transactions with multinational clients and banks, including domestic transactions within Switzerland and cross-border payments in US dollars, Swiss francs, Euros and Chinese yuan. UBS plans to further expand and develop its UBS Digital Cash offering.