DTCC's Project Lithium to assess implications of CBDC on market infrastructure
DTCC is working on the prototype in collaboration with The Digital Dollar Project, a non-profit led by former US regulators, tech leaders and executives from Accenture. The pilot aims to demonstrate the direct, bilateral settlement of cash tokens between participants in real-time delivery-versus-payment (DVP) settlement and assess the implications for counterparty risk, capital efficiency and automated workfow.“DTCC has for several years been experimenting, engaging and leading the conversation around the digitalization of financial markets, and Project Lithium represents the next major step in our exploration of DLT, tokenization and other emerging technologies,” says Jennifer Peve, managing director, head of strategy and business development at DTCC.
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