Wholesale Financial News
18.08 / 20:23
18.08 / 15:09
13.07 / 02:25
UPS
Platform
Banque de France
wholesale
Banque de France steps up wholesale CBDC work
The bank has built its own DLT technology as well as an automated market maker platform inspired from the DeFi markets, which could serve as the basis of a multi-CBDC platform where different central banks come together to enable fast, automated and transparent settlement across currencies.Now, new experiments are under way, says François Villeroy de Galhau, governor of the Banque de France: "We want to get closer to a viable prototype, testing it in practice with more private actors and more foreign central banks in the second half of 2022 and in 2023. "This work ensures that we stand ready to bring central bank money as a settlement asset as early as 2023, with the implementation of the European pilot regime.
12.07 / 23:39
CBDC
Adoption
regulation
ECB
digital euro
wholesale
French central bank head announces beginning of wholesale digital euro project phase 2
The first phase of experiments with a wholesale digital euro has been completed, and Phase 2 experiments will begin this year, Banque de France governor François Villeroy de Galhau said Tuesday. Four or five new experiments are expected to be launched.
15.06 / 01:55
COST
UPS
wholesale
A Key Inflation Reading Capturing Wholesale Prices Rose Again in May
U.S. suppliers’ prices rose in May amid higher food and energy costs, adding to pressure on inflation.
31.05 / 13:37
COST
Digital
CEO
Pool
wholesale
MAS to test DeFi applications in wholesale funding markets
Sopnendu Mohanty, chief fintech officer, MAS, says: “Through practical experimentation with the financial industry and the broader ecosystem, we seek to sharpen our understanding in this rapidly transforming digital assets ecosystem. The learnings from Project Guardian will serve to inform policy markets on the regulatory guardrails that are needed to harness the benefits of DeFi, while mitigating its risks.”The first industry pilot will explore potential DeFi applications in wholesale funding markets.
19.05 / 15:17
28.04 / 00:11
Blockchain
Adoption
regulation
Central Bank
wholesale
The Philippines will launch pilot wholesale central bank digital currency project
The project will be led by an intersectoral domestic team, Diokno said, as well as “external advisers from international standard-setting bodies and multilateral institutions to build on training and knowledge sharing on CBDC development and implementation all over the world.” Diokno called the project “critical in constructing the BSP’s medium- to long-term roadmap for more advanced wholesale CBDC projects that will further strengthen the Philippine payment system.”
08.04 / 10:21
Blockchain
Technology
Adoption
settlement
wholesale
South Africa finishes technical PoC for wholesale CBDC settlement system
South Africa has taken another step closer to implementing its central bank digital currency (CBDC) as the South African Reserve Bank (SARB) concludes a technical proof-of-concept for the project.
13.01 / 17:06
Blockchain
Adoption
Central Bank
Swiss
wholesale
Swiss central bank tests wholesale CBDC with commercial partners
Switzerland took another step to clarify the roadmap for integrating central bank digital currencies (CBDC) into the current financial system.
09.12 / 16:43
UPS
Digital
Racing
wholesale
India to explore wholesale, retail CBDCs, ‘will release pilot, whichever is ready first’
China’s digital yuan CBDC is seeing formidable rates of adoption. Meanwhile, Australia reported on the “successful completion” of its research for the Project Atom CBDC. Adding to that, Project Jura saw the Banque de France and the Swiss National Bank finishing up a cross-border wholesale CBDC transfer trial, which was also “successful.”
09.12 / 03:27
Platform
Swiss
wholesale
French and Swiss central banks hail completed wholesale CBDC trial
It involved the direct transfer of euro and Swiss franc wCBDCs between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades were settled using payment versus payment and delivery versus payment mechanisms.
10.11 / 00:23
UPS
Digital
wholesale
France looks into CBDC for wholesale use, ‘more work needed’ to study impact
France has come forward with the most ambitious and successful CBDC trial to date. In the latest development, the Bank of France wants to conduct further research on a CBDC for wholesale use in the financial sector.
08.11 / 20:27
Blockchain
reports
Banque de France
wholesale
Banque de France reports back on wholesale CBDC programme
The bank says that the experiments showed how a CBDC can be used for wholesale payments, including cross-border and cross-currency payments and securities settlement.The experiments also tested several ways in which central banks could retain control over central bank money on DLT, notably by tapping blockchains’ ability to implement programmability features.
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