World Bank is the first issuer on Euroclear’s new digital securities platform
The World Bank issued the first digital securities on the new Euroclear R3 Corda-based Financial Market Infrastructure (D-FMI) distributed ledger technology (DLT) platform. The three-year Digitally Native Notes raised EUR 100 million to support the financing of World Bank’s sustainable development activities. [Read more at the World Bank]
Southern Cross University and ANZ test digital currency
Australia and New Zealand Banking Group (ANZ) wrapped up a central bank digital currency (CBDC) pilot that successfully tested offline functionality. Ten students at Southern Cross University received NFC-enabled smart cards loaded with eAUD for spending at designated merchants within the campus. [Read more at Lismore City News]
The digital euro: what is it and what’s in it for us
Banco de España published an article that explains what a digital euro would be and its advantages if eventually adopted. The bottom line is that digital euro would be an additional option, ensuring that citizens also have access to public money, with all its guarantees, in an increasingly digital environment. [Read more at Banco de España]
*For those interested in intra-day updates, check out my searchable Diigo Fintech developments database, which is also a good place to go to query for past developments: https://www.diigo.com/user/kiffmeister/ART.
Kiffmeister’s central bank digital currency monthly monitor
Just a reminder that I produce a monthly digest of central bank digital currency (CBDC) developments exclusively for the official sector. So (only) if you work at a central bank, ministry of finance or international financial institution (e.g., the BIS, IMF, OECD, World Bank) and who would like to receive it by email on the first business day of every month, please DM me on LinkedIn or email me at chronicles@kiffmeister.com
The Sovereign Official Digital Association (SODA) is a technology-agnostic firm offering advisory services at the intersection of central banking, digital finance and the web3 industry, aiming to make public digital money a reality. SODA believes institutions in the existing financial ecosystem should have access to the tools and resources they need to move from discussion to action. SODA offers ‘real life’ use cases to help test digital money and drive adoption as central banks and other public institutions explore the future of a more financially inclusive world powered by interoperable blockchain-based networks. SODA would love you to join us on this journey – please get in touch (chris@sodapublicmoney.org).
Satoshi Capital Advisors is a New York-based, global advisory firm that works with central banks, governments, and the private sector to architect, implement, and operate varying initiatives. Satoshi Capital Advisors’ central bank work revolves around CBDC architecture and implementation, providing advisory services from research phase through to growth phase. Utilizing a product-market fit and technology agnostic approach to CBDC architecture and implementation enables Satoshi Capital Advisors to build tailored solutions, bespoke to local financial system nuances. Satoshi Capital Advisors welcomes requests from central bank officials for virtual and in-person CBDC workshops. [Click here for more information]
WhisperCash offers the first fully offline digital currency platform that has the same properties as physical cash. It can perform secure consecutive offline payments without compromising on security, privacy or accessibility. WhisperCash allows direct person to person offline payments without any server infrastructure or internet connectivity. It comes in various form factors including the self-contained credit card-sized “Pro” that sports an eInk screen and capacitive keyboard, and lasts for two weeks between recharges assuming a few transactions per day. [Click here for more information]
