Wholesale CBDC: Approaches, Implementation Strategies and Use Cases (CCAF)
The Cambridge Centre for Alternative Finance (CCAF) published a report that examines the key motivations, models, and policy considerations for wholesale central bank digital currency (CBDC). It discusses the need for wholesale CBDCs as risk-free settlement assets to support digital transaction infrastructure and mitigate potential instability arising from reliance on tokenized private assets. Central banks are considering wholesale CBDCs as an alternative to upgrading real-time gross settlement (RTGS) systems, aiming to keep pace with programmable, always-on infrastructures that facilitate real-time, cross-currency liquidity and tokenized asset transactions. [Read more at the CCAF]
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Upcoming Speaking Engagements:
- Digital Euro Conference 2025, Frankfurt, March 27, 2025. The DEC25 conference will explore the future of money with a focus on CBDCs, stablecoins, tokenized deposits, and the intersection of AI and digital ID. When you register, get 20% off the regular ticket price by using the Kiffmeister20 code! [Find out more and register here]

And 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 john@kiffmeister.com.
