The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
The Australian central bank announced on Monday that it is partnering with Commonwealth bank, National Australia Bank, Perpetual and Consensys Software to explore the potential use and implications of a wholesale form of central bank digital currency (CBDC) using distributed ledger technology.
The Reserve Central Bank said the project will involve the development of a proof-of-concept for the issuance of a tokenised form of CBDC that can be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform.
The project is expected to be completed around the end of 2020 and a report will be issued on the project during the first half of next year, the reserve central bank said.
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