It’s been quiet on the Fintech front this week, which is fortunate because I’ve been busy at the CB+DC Conference in Nassau, Bahamas. But thanks to Crunchfish’s Joachim Samuelsson, here’s something interesting…
The UPI-UPU Integration Project, reportedly launched at the 28th Universal Postal Congress in Dubai, aims to connect India’s Unified Payments Interface (UPI) with the Universal Postal Union (UPU) international interconnection platform. This initiative is a collaboration between India’s Department of Posts, NPCI International Payments Ltd, and the UPU, with the goal of creating a seamless, fast, secure, and affordable channel for cross-border payments—especially remittances. However, it’s not clear whether the initiative is just aimed at making remittance payments from the UPU’s 192 member countries, or to encompass multi-way global usage through international postal networks. I’ve haven’t found any further detail on either the UPI or UPU webpages, so stay tuned. [Source: Fortune India]
Upcoming Speaking Engagements:
Stablecoin NYC 2025 (New York City on November 14-15) will be the definitive conference for exploring the future of digital money and intelligent payments. The event brings together founders, C-level executives, investors, policymakers, and developers for two immersive days of talks, panels, and networking. This be the place to be if you’re building, backing, or regulating the next wave of programmable finance. [Register here]
I produce a monthly digest of digital fiat currency (DFC) developments exclusively for the official sector (e.g., central banks, ministries of finance and international financial institution (e.g., the BIS, IMF, OECD, World Bank)) plus academics and firms that are active in the DFC space (commercial banks, technology providers, consultants, etc.). (DFCs include central bank digital currency (CBDC), stablecoins and tokenized deposits.) It goes out via email on the first business day of every month, and if you’re interested in being on the mailing list, please email me at john@kiffmeister.com.
The Bank of England (BoE) published a design note outlining its emerging product strategy for a potential digital pound, which would operate under a public-private model where the Bank manages the core ledger while regulated private firms provide user-facing services to individuals and businesses. The strategy proposes a three-stage rollout (Initial, Near, and Later) focusing first on enabling convenient peer-to-peer payments and online commerce acceptance, with more complex features like point-of-sale terminal integration and conditional payment functionality introduced in subsequent phases. The digital pound aims to preserve the “singleness of money” and support payments innovation while complementing physical cash, though business acceptance would not be mandated and adoption is expected to be gradual. [Read more at the BoE]
The BoE also published a note on interoperability models for UK-based payments and outlined its emerging thinking on how a potential digital pound could seamlessly exchange with other forms of money within domestic UK transactions. The core objective of a digital pound would be to preserve the “singleness of money” – ensuring all sterling forms remain equally valued and interchangeable – while supporting innovation, choice, and efficiency in the payments ecosystem. The note outlines and evaluates three interoperability models—centralized, intermediary-based, and direct provision by payment interface providers—and evaluates their trade-offs for users, participants, and the financial system. It concluded that the centralized model would best provide the capability to ensure uniform access and reduce costs. [Read more at the BoE]
JD.com and Ant Group are reportedly pushing Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter the US dollar’s dominance. The move aims to strengthen the yuan’s presence in global trade and limit the dollar’s influence. The two companies are preparing to apply for stablecoin licenses in Hong Kong and Singapore, with early feedback from regulators described as positive. JD.com also plans to apply for stablecoin licenses in major countries to reduce cross-border payment costs, initially targeting business-to-business transactions but eventually perhaps extending to consumer payments. [Read more at CoinTelegraph]
Upcoming Speaking Engagements:
The CB+DC Conference (Nassau, Bahamas, September 9-11) is a premier gathering centered on CBDCs, tokenized assets, and stablecoins. It provides a forum for central bankers, commercial bankers, technology innovators, policymakers, and academics to explore the latest advancements in digital currency, engage with experts and peers, and discuss the future of digital currency. [Register here but before you do, email me at john@kiffmeister.com for a 15% discount]
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.
Bank of England (BoE) Governor Andrew Bailey expressed doubts that there is a need for the central bank to introduce retail central bank digital currency (CBDC). Instead, he thinks that “commercial banks need to step up to the challenge of digital money provision… [because] if there are real benefits to digital technology in payments, we should want to see them in commercial bank money”. He also mentioned tokenized deposits as a way to apply digital technology to the form of money that we have today, with the challenge being to apply them to both domestic and cross-border payments. [Read more at the BoE]
On June 20, 2025 the Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) announced the launch of Payment Connect. It will link Mainland China’s Internet Banking Payment System (IBPS) and Hong Kong’s Faster Payment System (FPS), to support secure, efficient and convenient real-time cross-border payments for residents and institutions in both countries. Residents will be able make instant small-value cross-boundary remittances by simply inputting the recipient’s mobile number or account number. [Read more at the HKMA]
SUERF published a paper by David Llewellyn, Charles Goodhart and Alistair Milne that critically examines the potential benefits, costs, and risks of introducing a retail central bank digital currency (CBDC). The authors argue that while proponents highlight advantages such as maintaining trust in the monetary system, enhancing competition, and promoting financial inclusion, these benefits may not outweigh the drawbacks or be uniquely addressed by a CBDC. The authors highlight risks like disintermediation of banks, financial instability, cybersecurity threats, and privacy concerns. Plus, retail CBDC could struggle to become a significant payments mechanism with the necessary critical mass unless it can offer additional or better payments mechanisms than are already available with commercial bank money and the wide range of other payment mechanisms. The paper emphasizes the need for a thorough cost-benefit analysis. [Read more at SUERF]
Upcoming Speaking Engagements:
The CB+DC Conference (Nassau, Bahamas, September 9-11) is a premier gathering centered on CBDCs, tokenized assets, and stablecoins. It provides a forum for central bankers, commercial bankers, technology innovators, policymakers, and academics to explore the latest advancements in digital currency, engage with experts and peers, and discuss the future of digital currency. [Register here but before you do, email me at john@kiffmeister.com for a 15% discount]
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.
The East African Community (EAC) Draft Cross-Border Payment System Masterplan was validated by its eight member countries (Burundi, the Democratic Republic of Congo, Kenya, Rwanda, Somalia, South Sudan, Uganda and Tanzania). The Masterplan aims to enhance the speed, security, affordability and integration of payment systems across the region. It tackles key obstacles such as fragmented regulations, high transaction costs, and limited interoperability by outlining twenty targeted initiatives. These include a regional instant retail payment switch, and exploring using central bank digital currencies (CBDCs) for regional transactions. [Read more at the EAC]
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.
Nigeria will reportedly sign a deal to enable a direct conversion of naira to digital renminbi (RMB) according to Nigeria-China Strategic Partnership (NCSP) Director-General Joseph Tegbehas. Speaking at a conference in Lagos, he said the agreement could reduce Nigeria’s dependence on the United States dollar. The NCSP jointly established ivy the Chinese and Nigerian governments in November 2024 under the leadership of President Bola Ahmed Tinubu following agreements reached with President Xi Jinping at FOCAC 2024, aiming to deepen economic, trade, and investment relations between the two nations. It serves facilitate high-impact partnerships that align with Nigeria’s development priorities and China’s Belt and Road Initiative. But there has not yet been an announcement on the NCSP website regarding the RMB deal. [Read more at Vanguard]
At a briefing held at the Bank of Korea on April 21, 2025, Deputy Governor Lee Jong-ryul reportedly pointed out that the “Project Hangang River” three-month pilot that started on April 1, 2025, is more about experimenting with “deposit tokens,” a stablecoin issued by domestic commercial banks, than the central bank digital currency (CBDC) issued by the Bank of Korea. As of April 20, 51,766 electronic wallets capable of using deposit tokens had been opened, and a cumulative total of 29,251 transactions had occurred from April 1 to April 20. [Business Korea]
The Bank for International Settlements (BIS) published the results of the Project Meridian FX experiment that demonstrated the atomic settlement of FX transactions between different wholesale payment infrastructures across jurisdictions, and between an real-time gross settlement (RTGS) system and a distributed ledger technology (DLT) platform. Using an emulated UK real-time gross settlement (RTGS) system, the project connected to three experimental interoperability solutions from the Eurosystem: DL3S (developed by the Bank of France), TIPS Hash-Link (developed by the Bank of Italy) and the Trigger Solution (developed by the Deutsche Bundesbank). In each case, payment-versus-payment (PvP) FX settlements were successfully orchestrated. [Read more at the BIS]
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.
The Bank of Korea (BOK) “Project Hangang River” wholesale central bank digital currency (CBDC) backed tokenized deposit pilot is reportedly preparing to launch a second phase as early as October. The current three-month (April 1 to June 30, 2025) phase involves about 100,000 participants, and is limited to person-to-business (P2B) payments (for goods and services at online and offline merchants). In the next phase, person-to-person (P2P) transfers will be added, along with expanded use cases and a full rollout of a digital voucher program for welfare payments by local governments. [Read more at BusinessKorea]
Circle will be launching the Circle Payments Network (CPN) to connect financial institutions to enable real-time settlement of cross-border payments using regulated stablecoins. CPN will require participants to meet strict eligibility standards, including licensing, AML/CFT compliance, financial risk management, and cybersecurity protocols. By leveraging USDC, EURC, and other regulated stablecoins, CPN will enable seamless connectivity to domestic real-time payment systems worldwide, while upholding the compliance, security, and trust required for financial institutions to meet their regulatory obligations. Powered by smart contract infrastructure and modular APIs, the network will enable third-party developers to build advanced modules, app services, and automated financial workflows directly on top of CPN. [Read more at Circle]
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.
The Bank for International Settlements (BIS) published an update on Project Rialto, which is exploring connecting instant payment systems (IPSs) across borders using central bank money (CBM) on a tokenized platform and an automated foreign exchange (FX) conversion layer. Such integration raises some specific challenges and design considerations, which will be addressed in the development phase and form an integral part of the project’s contributions to improving cross-border payments. This report identifies the main policy and technical aspects to be considered, with the next steps being to develop at proof of concept. [Read more at the BIS]
The Committee on Payments and Market Infrastructures (CPMI) published a paper that analyzes and outlines practical approaches that have been used to address some of the key challenges of extending or aligning real-time gross settlement (RTGS) system operating hours. Limited RTGS system operating hours and gaps between jurisdictions’ operating hours due to time zone differences can lead to delays in settlement of cross-border payments. Several RTGS systems have extended operating hours in recent years and have experienced notable adoption of the additional hours. With the extended hours, payment system participants can offer better services to end users, such as 24/7 fast payments. Many more RTGS systems are evaluating or planning to extend operating hours. [Read more at the BIS]
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Upcoming Speaking Engagements:
The Central Bank Payments Conference (Paris, February 17–19) will explore the latest issues and developments confronting central banks and their evolving role as operators, overseers, and catalysts within the payments landscape. The focus will be on cross-border payments, CBDC and tokenization, open finance, instant payments, and financial inclusion, among other topics. When you register get 15% off by using the Kiffmeister15 code. [register here]
The Global Payments Summit (Paris, February 19–21), the second half of Currency Research Payments Week, will explore emerging payments trends and innovations, positioning the ecosystem’s commercial players — banks, PSPs, solution providers — at the center of the discussions. When you register get 15% off by using the Kiffmeister15 code. [register here]
The Crypto Assets Conference (Frankfurt, March 26) will explore the latest innovations and emerging industry trends in DLT, blockchain, and crypto assets, through insightful talks, interactive debates, and presentations by industry thought leaders. [Register here]
The Digital Euro Conference 2025 (Frankfurt, March 27) 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! [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.
The National Bank of Kazakhstan (NBK) published an update on the second phase of the Digital Tenge (DT) project, including reporting on testing of five government use case scenarios involving programmable payments. They involved controlling and monitoring the use of funds paid out or lent by the government to support various programs. Two involved payments out of the National Fund for infrastructure projects, and another, investment subsidies for the purchase of agricultural machinery and equipment. Another involved a government microlending program to support farmer livestock purchases, and the fifth one the collection of value-added taxes (VAT). No specific potential full launch dates were given, but 2025 will be the last year in terms of the DT’s phased implementation. [Read more at the NBK]
The Central Bank of the Republic of Türkiye (CBRT) published an update on its central bank digital currency (CBDC) project launched in 2020 with proof-of-concept studies. The first phase, culminating in a pilot, was completed at the end of 2023. During Phase-2, beyond ongoing R&D activities, the legal, economic and security dimensions of the digital lira are being comprehensively addressed. [Read more at the CBRT]
Telematics and Informatics (TAI) published a paper on the adoption and continuance intentions of blockchain-based stablecoins for cross-border remittances. Relying on survey data from 866 U.S.-based adults engaged in remittance activities, its findings reveal that digital and financial literacy independently increase the likelihood of stablecoin adoption, while their interaction synergistically enhances predictive accuracy. Demographic analysis indicates that stablecoin remittance users tend to be younger, more educated, and involved in higher-value transactions. Among the 26% of remittance users who adopted stablecoins, continuance intentions are primarily driven by satisfaction and perceived usefulness. This points to a cyclical dynamic, where meeting user expectations leads to greater satisfaction, which in turn reinforces the perceived usefulness of stablecoins. The results underscore the importance of promoting both digital and financial literacy, improving user experience, and effectively communicating tangible benefits to encourage the continued adoption of stablecoins for remittance transactions. [Read more at TAI]
[September 11, 2024] eCurrency was selected by Banky Foiben’i Madagasikara (BFM) to provide consulting services for the e-Ariary central bank digital currency (CBDC) project. BFM plans to move on to a potential pilot phase of the e-Ariary project, once the preparation is successfully completed. [Read more at Consumer World Report]
The Australian National Credit Code has been extended to buy now pay later (BNPL) contracts, following royal assent of the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Act 2024 on December 10, 2024. From June 10, 2025, the Australian Securities & Investments Commission (ASIC) will require BNPL contract providers to hold a credit licence that authorizes them to engage in credit activities as a credit provider. Providers who do not have their application accepted for lodgement by ASIC by then may be engaging in unlicensed conduct if they continue to operate. [Read more at ASIC]
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Upcoming Speaking Engagements:
The Central Bank Payments Conference (Paris, February 17–19) will explore the latest issues and developments confronting central banks and their evolving role as operators, overseers, and catalysts within the payments landscape. The focus will be on cross-border payments, CBDC and tokenization, open finance, instant payments, and financial inclusion, among other topics. When you register get 15% off by using the Kiffmeister15 code. [register here]
The Global Payments Summit (Paris, February 19–21), the second half of Currency Research Payments Week, will explore emerging payments trends and innovations, positioning the ecosystem’s commercial players — banks, PSPs, solution providers — at the center of the discussions. When you register get 15% off by using the Kiffmeister15 code. [register here]
The Crypto Assets Conference (Frankfurt, March 26) will explore the latest innovations and emerging industry trends in DLT, blockchain, and crypto assets, through insightful talks, interactive debates, and presentations by industry thought leaders. [Register here]
The Digital Euro Conference 2025 (Frankfurt, March 27) 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! [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.
The U.S. Federal Deposit Insurance Corporation (FDIC) published minimally redacted letters sent to banks requesting information about their crypto activities and in most cases asking them to pause activities pending feedback. The FDIC was forced by a June 2024 court order filed by Coinbase (through its contractor History Associates), to release the letters after initially turning down the exchange’s Freedom of Information Act (FOIA) request. According to Coinbase Chief Legal Officer Paul Grewal, “they show a coordinated effort to stop a wide variety of crypto activity“. [Read more at Bitcoin.com, Ledger Insights and the FDIC]
The Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) announced further steps to promote the adoption of its harmonized ISO 20022 data requirements for more efficient processing of cross-border payments. First, a panel of global ISO 20022 market practice groups will be established in early 2025 to support the regular maintenance of the data requirements. Second, the CPMI is encouraging industry to develop global ISO 20022 market practice guidelines for fast payments based on the harmonized data requirements. Third, the CPMI will continue to engage with payment system operators and payment service providers to encourage them to implement the harmonized data requirements by end-2027. [Read more at the BIS]
Ripple has partnered with Chainlink, a decentralized oracle network, to improve the adoption and utility of its Ripple USD (RLUSD) stablecoin in decentralized finance (DeFi) applications. The collaboration will provide price feeds for RLUSD on Ethereum and the XRP Ledger, which aim to support cost-effective transactions and DeFi use cases for the enterprise-grade stablecoin. [Read more on Ripple]
Sponsored Content:
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Upcoming Speaking Engagements:
The Central Bank Payments Conference (Paris, February 17–19) will explore the latest issues and developments confronting central banks and their evolving role as operators, overseers, and catalysts within the payments landscape. The focus will be on cross-border payments, CBDC and tokenization, open finance, instant payments, and financial inclusion, among other topics. [register here]
The Global Payments Summit (Paris, February 19–21), the second half of Currency Research Payments Week, will explore emerging payments trends and innovations, positioning the ecosystem’s commercial players — banks, PSPs, solution providers — at the center of the discussions. [register here]
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.
Bank Indonesia (BI) completed its Project Garuda proof of concept (PoC) for a distributed ledger technology (DLT) based digital rupiah wholesale cash ledger. The testing confirmed that the solution can meet the business and technical needs requirements (transaction security, interoperability with existing payment systems and financial infrastructure). Two DLT-based platforms were tested; Corda (R3) and Hyperledger Besu (Kaleido). Both were able to meet all testing scenarios and address all key questions. Project Garuda will proceed with a broader exploration of securities ledger, including exploring liquidity management and privacy technology. [Read more at BI]
The Monetary Authority of Macau (AMCM) has completed the development of a prototype digital Macau pataca (e-MOP) which will soon undergo sandbox and public testing. There is also a chance it will be linked to China’s e-CNY and Hong Kong’s e-HKD in the future. The People’s Bank of China (PBOC) provided technical support, and the Hong Kong Monetary Authority (HKMA) is responsible for supervising and managing e-MOP issuance, cancellation and circulation. The AMCM will set up self-service money exchangers to allow holders to accept e-MOP or other foreign currencies for cash reloading by exchanging money. [Read the e-MOP white paper at the AMCM]
AXA Investment Managers (AXA IM) executed two transactions using the Banque de France’s pilot distributed ledger technology (DLT) based wholesale central bank digital currency (CBDC), as part of the Eurosystem wholesale DLT settlement trials. The first was a €3 million investment by AXA IM, on behalf of AXA France, into a digital sovereign bond issued by the Republic of Slovenia. The transaction was executed on BNP Paribas’ “Neobonds” tokenization platform with T+1 settlement on T+1 using the Banque de France’s DL3S platform. The second experiment executed a fund share subscription of €1 million from Generali into AXA Court Terme with instant settlement process using digital CeBM via the IZNES blockchain platform. [Read more at AXA IM]
Societe Generale (SocGen) completed a collateralized market transaction fully executed on blockchain through its SG-FORGE subsidiary. This is the first sale and repurchase agreement (repo) transaction in digital securities with a Eurosystem central bank. SocGen deposited as collateral with the Banque de France some bonds issued in 2020 on the public Ethereum blockchain in exchange for pilot central bank digital currency (CBDC) issued by the Banque de France on its DL3S blockchain. [Read more at SocGen]
HQLAᵡ and market participants collaborate on collateral mobility initiative (DerivSource) HQLAᵡ successfully concluded a feasibility initiative to address pain points in triparty collateral mobility. It uses its platform to transfer securities collateral to – or between – multiple triparty agents without triggering cross-custodian settlements. The HQLAᵡ platform uses distributed ledger technology (DLT) to validate the ownership of the securities at any given point in time. [Read more at DerivSource]
The European Banking Authority (EBA) published a report to facilitate awareness of tokenized deposits, as well as assess their potential benefits and challenges. The report also aims to promote convergence in the classification of tokenized deposits in contrast with electronic money tokens (EMTs) issued by credit institutions under the Markets in Crypto-Assets Regulation (MiCAR). [Read more at the EBA]
Three European Supervisory Authorities (ESAs) published joint guidelines intended to facilitate consistency in the regulatory classification of crypto-assets under MiCAR. The guidelines include a standardized test to promote a common approach to classification as well as templates market participants should use when communicating to supervisors the regulatory classification of crypto-assets. [Read more at the EBA]
The Financial Stability Board (FSB) published recommendations to promote greater alignment in data frameworks related to cross-border payments and consistency in the regulation and supervision of bank and non-bank payment service providers. These recommendations advance key actions from the G20 Roadmap to address legal, supervisory, and regulatory issues in cross-border payments. [Read more at the FSB]
The Cambridge Centre for Alternative Finance (CCAF) published a report that reviews the case for a wholesale CBDC, the various approaches in how it can be delivered, and an assessment of the pilots and experiments undertaken by the industry and central banks. It finds that buy- and sell-side firms are progressing with tokenization initiatives, driving a need for digital money for the cash leg. which may increasingly be delivered through tokenized bank deposits or stablecoins. Meanwhile, central banks are raising concerns on the risks of using such private settlement assets for settlement, facilitating experiments demonstrating how central bank money can be used instead, but with no clear indication yet on how and when this may be delivered in practice. [Read more at the CCAF]
Also, the CCAF updated its Cambridge Digital Money Dashboard (CDMD), offering new insights into the geographical flows of stablecoins, as well as regulatory overviews for a wider set of jurisdictions. This new update was made possible through a joint work with Chainalysis, a blockchain data platform specializing in on-chain data analytics for investigations and compliance. [Read more at the CCAF]
The International Capital Market Association (ICMA) published a reference guidance for DLT-based debt securities. The guide highlights considerations for the end-to-end lifecycle of DLT-based debt securities. It is designed for market practitioners as well as a broader audience of market stakeholders. It comprises over 50 practical questions and serves as a reference point across the lifecycle of a DLT-based debt security. [Read more at ICMA]
Sponsored Content:
Supercharge your CBDC research and deployment strategy with Chavanette’s Alpha Knowledge Platform (⍺LP)—the ultimate resource for deep insights into CBDCs and the ecosystem of CBDC technology providers and solutions. Get insider access to the top 20 CBDC platforms through the GALACTIC GRID, dissected by Chavanette’s expert framework. Lead the digital central banking revolution with the tools necessary to deploy Central Banking 4.0—stay informed, stay bold, stay transformative. Be the leader. Register for access here and get a 10% discount on the first year with the kiffmeister10 code.
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.
