BIS, 3 central banks take a look at DeFi expertise for wCBDC FX in interim venture report

The Financial institution for Worldwide Settlements (BIS) Innovation Hub revealed an interim report on Mission Mariana, its collaboration with the central banks of France, Singapore and Switzerland, on the usage of wholesale central financial institution digital foreign money (wCBDC) in tokenized overseas trade buying and selling. The venture is a proof-of-concept that considers questions regarding credit score and settlement threat and interoperability.

Particularly, the venture appears to be like at automated market makers (AMMs), token requirements and community bridges because it “explores the feasibility of a world FX interbank market utilizing wCBDCs on a blockchain-based community.”

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