According to Foresight News , the Bank for International Settlements (BIS) successfully tested cross-border transactions of wholesale central bank digital currency (wCBDC) with the central banks of France, Singapore and Switzerland. Project Mariana explores the future of foreign exchange trading and settlement in a world where central banks issue central bank digital currencies (CBDC) and financial market infrastructure includes elements of decentralized finance (DeFi). The Mariana proof-of-concept demonstrates the technical feasibility of a so-called automated market maker (AMM) for cross-border trading and settlement of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDC (wCBDC). It draws on the ideas and concepts of DeFi and utilizes public blockchains to design and test a multinational foreign exchange interbank market using wCBDC.
BIS successfully tests wholesale CBDC cross-border transactions using DeFi with France, Singapore and the Swiss National Bank
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