A new report by researchers from the New York Federal Reserve and Monetary Authority of Singapore (MAS) has found that Central bank digital currency (CBDC) systems operating on different types of networks can be used for cross-border and cross-currency payments. The report focused on studying technical issues related to interoperability and atomic settlement, and found that the respective teams were able to conduct cross-border transactions across different distributed ledger (DLT) and hashed timelock contract (HTLC) technology stacks, with near real-time settlement finality. The researchers used simulated CBDCs and hypothetical payments to test their interoperability hypotheses, and found that interoperability could be established across ledgers with different technical designs. The report highlights key opportunities for central bank innovation to play an important role in easing wholesale payment flows globally and improving settlement outcomes.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
NY Fed, Singapore Regulator Verify CBDC Interoperability, Payment Speeds in Latest Test
-
Wechat scan to share
Recommended for you
-
Nobel laureate in economics: Stablecoins are “under-regulated” and governments could be forced to provide billions of dollars in bailouts if they collapse in a financial crisis
Jean Tirole, the Nobel Prize winner in economics, warned that the "lack of regulation" of stablecoins could force governments to provide billions of dollars in assistance if these tokens collapse in future financial crises. -
BTC falls below $111,000
the market shows BTC falling below $111,000, now reporting $110,982.89, a 24-hour decline of 1.99%, with significant market fluctuations, please manage risks. -
BitradeX Officially Enters CertiK Global Top 50 Rankings at 36th Place, Security Strength Receives Authoritative Recognition Again
AI cryptocurrency trading platform BitradeX has recently been officially listed by global leading security institution CertiK and ranks 36th on its trading platform security leaderboard, demonstrating the platform's continuous advancement in system security and compliance risk control. -
LazAI Shares Vision for AI × Blockchain Future
In an exclusive interview at #Nexus2140, Daniel Kwak, CCO of Metis and Head of Marketing at LazAI, introduced LazAI as a pioneering platform addressing data ownership, validation, and monetization in the AI era. -
NEXUS 2140 Enters Final Countdown: Global AI•Web3•Ecom Expo Set to Ignite in Korea
According to official sources, the highly anticipated NEXUS 2140 AI・Web3・E-commerce Global Expo has officially entered its final countdown. The flagship event will take place on June 21 at KINTEX in Goyang, South Korea. -
BlockX.VC Makes Strategic Investment in TronBank.Pro, Expands into TRON Energy Finance
According to official sources, leading blockchain venture capital firm BlockX.VC has announced a strategic investment in TronBank.Pro, a TRON-based energy finance service platform. Both parties will jointly advance the development of TRON’s energy leasing, staking, and on-chain payment infrastructure. The funding from this round will primarily be allocated to the development of the TronBank Card payment tool, global community expansion, and the enhancement of on-chain security systems. BlockX.VC emphasized that TronBank.Pro is poised to become a key entry point in the TRON energy market, helping to improve transaction efficiency, lower user costs, and further promote the prosperity of the TRON ecosystem. -
BitradeX Token (BTX) Officially Listed on CoinMarketCap with Real-Time Market Data Now Available
The BitradeX platform token, BTX, has been officially listed on CoinMarketCap (CMC), the world’s leading digital asset market data platform. Starting today, users can access real-time BTX price, trading volume, market capitalization, and other key data on CMC, further enhancing BTX’s transparency and global market visibility. -
팬케이크스왑 CAKE·파이네트워크 커뮤니티, ‘CAKEPI 더블 마이닝’ 출범
글로벌 5,000만 여 명의 사용자를 보유한 파이네트워크(Pi Network) 커뮤니티와 세계 최대 DEX 팬케이크스왑(PancakeSwap-CAKE)과 함께 ‘CAKEPI 더블 마이닝’ 프로젝트를 공식 가동했다. 케이크 측은 이번 프로그램을 위해 5,000만~1억 달러 규모를 투자하여, 시세풀에 예치하였으며, 팬케이크스왑 거버넌스 토큰 CAKE의 활성화와 가치 제고를 노린다. -
MAS: Singapore is working on global first-tier fund tokenization regulation
Chia Der Jiun, Managing Director of the Monetary Authority of Singapore, introduced some fund tokenization pilots at an event for asset managers. These pilots are part of the Project Guardian and MAS Global Layer 1 (GL1) tokenization plans. Chia Der Jiun emphasized the advantages of tokenization in real-time settlement and process automation, which can improve efficiency and achieve greater customization of funds. UK asset management company Schroders and fund distribution platform Calastone are exploring this as part of the Project Guardian public blockchain trial in Singapore. A recent survey by Calastone showed that 96% of asset management companies in the Asia-Pacific region plan to launch tokenized products within three years. Chia stated that as these Project Guardian pilot projects approach commercialization, MAS is working with the pilot project managers to study the legal and regulatory treatment and impact of tokenized investment funds." -
Singapore issued a budget statement for fiscal year 2024, planning to allocate S$2 billion to strengthen the digital economy
Singapore's Deputy Prime Minister and Finance Minister Heng Swee Keat presented the country's budget statement for the fiscal year 2024 in February. The budget proposes an allocation of 2 billion Singapore dollars to strengthen its digital economy, marking Singapore's strong push for financial innovation and integration of digital assets, sending a clear signal of incorporating digital assets into its economic framework.
Daily Must-Read
-
Crypto treasuries set for ‘bumpy ride’ as premiums narrow: NYDIG
-
Trump family went pro-crypto after Biden ‘weaponized banks’ — WSJ
-
New York lawmaker wants to tax crypto sales and transfers
-
Trump to order probe of crypto and political debanking claims: WSJ
-
Bros who tricked MEV bots with their own medicine must face trial, says judge
-
Western Union CEO Views Stablecoins as an Opportunity, Not a Threat: Bloomberg
All Comments