Barclays explores digital pound design options
Barclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundThe pan-European clearing house Cboe Clear Europe took part in the Eurosystem wholesale DLT settlement trials alongside ABN Amro Clearing Bank. It tested the use of wholesale central bank digital currency (wCBDC) as collateral for margin calls. Most trials by other institutions focused on securities settlement. Currently securities trading activity continues after the EUs TARGET []
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Barclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundAfter the real-time gross settlement crash in July, the BOE is looking for a solution to update the network, proposing synchronization for the revamp while considering wCBDCs as an alternative to the current system.
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In a new discussion paper, the U.K. central bank also said it wants to ensure stablecoins are interchangeable with the pound.
CBDCThe Bank of England is planning wholesale CBDC (wCBDC) trials alongside RTGS synchronized payments as in Project Meridian
CBDC Central Bank Digital CurrencyCboe Clear Europe, the largest pan-European clearing house, has successfully participated in the Eurosystems recent exploratory work testing the use of new technologies for the settlement of wholesale transactions in central bank money...
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