UK Finance, Member Banks See Benefits During Experimental Phase of a Tokenization, CBDC Platform
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
CBDCAfter 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. [...]
Read More...
The post Bank of England looks to update RTGS by exploring wholesale CBDC, synchronization appeared first on CoinGeek.
Barclays, Citi UK, HSBC and Natwest participated in the Regulated Liability Network test.
CBDCBarclays published a paper exploring options for various digital pound functionality. It concludes an FMI should be responsible.
CBDC Central Bank Digital Currency Digital PoundCBDC
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 tested the use of a wholesale CBDC for margin calls as part of the Eurosystem wholesale DLT settlement trials
CBDC Central Bank Digital Currency