Central Bank, Distributed Ledger Technology (DLT) and Interoperability

Central Bank

Distributed Ledger Technology (DLT)

Interoperability

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

The Payments Association

JUNE 3, 2025

Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments. From Asia to the Caribbean and Europe, central banks are grappling with how to digitise public money while preserving trust, utility, and sovereignty.

CBDC

CBDC Cross-Border Central Bank Cross-Border Payments

Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

Fintech Finance

JUNE 17, 2024

The project will provide insights on how operators of real-time gross settlement (RTGS) systems could enable interoperability with new payments technologies, such as distributed ledger technology (DLT).

Distributed Ledger Technology (DLT)

Distributed Ledger Technology (DLT) Real Time Gross Settlement (RTGS) Settlement Interoperability

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

Fintech News

DECEMBER 11, 2023

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.

CBDC

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank

Webinars

Breaking The Commerce Bottleneck: Your SAP Exit Plan Starts Now

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Banco Santander, Lloyds Banking Group, and UBS Successfully Settle Pilot Uncleared Margin Transfers in the Sterling Fnality Payment System

Fintech Finance

OCTOBER 30, 2024

Banco Santander , Lloyds Banking Group , and UBS have successfully completed the first uncleared bilateral margin payments using a digital representation of central bank funds on the Sterling Fnality Payment System (£FnPS).

Distributed Ledger Technology (DLT)

Distributed Ledger Technology (DLT) Liquidity Management Central Bank Payments

Eurosystem Completes First of Many Experiments To Test DLT Central Bank Money Settlements

The Fintech Times

MAY 18, 2024

Eurosystem , the monetary authority of the eurozone, has been exploring the possible use cases of distributed ledger technology (DLT) to conduct wholesale settlement in central bank money. Initially, 16 private companies will conduct trials involving actual settlement in central bank money.

Central Bank

Central Bank Settlement Distributed Ledger Technology (DLT) Interoperability

Basware Integrates Solutions With SAP App Center

PYMNTS

NOVEMBER 26, 2019

Last month , SAP announced it was teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers.

Real Time Gross Settlement (RTGS)

Real Time Gross Settlement (RTGS) Distributed Ledger Technology (DLT) Settlement Blockchain

Project mBridge Reaches MVP Stage, Expands International Participation

The Fintech Times

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

Participant

Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC

2024 Might be Full of Central Bank Digital Currency Launches, Know How

CoinRemitter

FEBRUARY 9, 2024

A Central Bank Digital Currency is a country’s official currency, presented in a digital form. It operates on a blockchain network and is issued and backed by the central bank of the respective country. Unlike cryptocurrencies, they’re issued by centralized authorities and can be used as legal tenders.

Digital Currency

Digital Currency Central Bank CBDC Distributed Ledger Technology (DLT)

SAP, R3 Back Blockchain For Real-Time Gross Settlement

PYMNTS

OCTOBER 25, 2019

Enterprise software firm SAP is teaming up with professional services firm Accenture and blockchain company R3 to develop a distributed ledger technology (DLT) solution that aims to accelerate the settlement of payments between banks and customers. A press release issued on Thursday (Oct. ” . ”

Real Time Gross Settlement (RTGS)

Real Time Gross Settlement (RTGS) Settlement Distributed Ledger Technology (DLT) Blockchain

Credit Unions Find Opportunity In Payments Disruption

PYMNTS

DECEMBER 9, 2019

Esser highlighted three key areas with major opportunities for improvement in the credit union market, with CULedger finding blockchain a promising technology to address them. Esser highlighted the friction that traditionally emerges when central banks hold control in a cross-border transaction.

Credit Union

Credit Union Cross-Border Distributed Ledger Technology (DLT) Electronic Funds Transfer (EFT)

Banks And The Blockchain Scramble

PYMNTS

AUGUST 29, 2018

Banks seem smitten by blockchain. Traditional banks, especially, and central banks, too. PwC writes in its “Global Blockchain Survey 2018” that responses from 600 executives across 15 territories are embracing distributed ledger technology (DLT) with enthusiasm.

Blockchain

Blockchain Distributed Ledger Technology (DLT) Financial Inclusion Interoperability

German Central Bank Joins MAS-Led Project Guardian

Fintech News

NOVEMBER 11, 2024

As a member of the Project Guardian policymaker group, the Bundesbank will contribute to cross-border collaboration by working with other central banks and institutions to develop common standards and improve interoperability for this emerging technology.

Central Bank

Central Bank Distributed Ledger Technology (DLT) Interoperability Cross-Border

European Central Bank Outlines Two-Track Approach to Enhance DLT Transaction Settlements

The Fintech Times

FEBRUARY 23, 2025

The European Central Bank (ECB) is developing a new platform to settle transactions using distributed ledger technology (DLT) in central bank money, aiming to integrate and harmonise the European financial market for digital assets.

Central Bank

Central Bank Distributed Ledger Technology (DLT) Settlement Transactions

Indonesia Completes Rupiah Digital PoC, Advancing Wholesale CBDC Exploration

Fintech News

DECEMBER 15, 2024

Bank Indonesia has announced the successful completion of the Proof of Concept (PoC) for the wholesale Rupiah Digital under its Garuda Project. This marks a critical milestone in the exploration of a Central Bank Digital Currency (CBDC).

CBDC

CBDC Distributed Ledger Technology (DLT) ISO 20022 Cross-Border

Digital Rupiah Inches Closer with Successful Completion of PoC

Fintech News

JANUARY 9, 2025

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.

Distributed Ledger Technology (DLT)

Distributed Ledger Technology (DLT) Multi-Currency Interoperability ISO 20022

Payments Space

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

Project Meridian FX: Joint Project by the Eurosystem and London Centres, and the Bank of England, to Test Synchronised Settlement in FX

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

Webinars

Banco Santander, Lloyds Banking Group, and UBS Successfully Settle Pilot Uncleared Margin Transfers in the Sterling Fnality Payment System

Eurosystem Completes First of Many Experiments To Test DLT Central Bank Money Settlements

Basware Integrates Solutions With SAP App Center

Project mBridge Reaches MVP Stage, Expands International Participation

2024 Might be Full of Central Bank Digital Currency Launches, Know How

SAP, R3 Back Blockchain For Real-Time Gross Settlement

Credit Unions Find Opportunity In Payments Disruption

Banks And The Blockchain Scramble

German Central Bank Joins MAS-Led Project Guardian

European Central Bank Outlines Two-Track Approach to Enhance DLT Transaction Settlements

Indonesia Completes Rupiah Digital PoC, Advancing Wholesale CBDC Exploration

Digital Rupiah Inches Closer with Successful Completion of PoC

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