Bank of Korea Scales Up CBDC Pilot With Half a Million Users
In brief The Bank of Korea will launch Phase 2 of its CBDC pilot in September, expanding to nine banks and a cap of 500,000...
Tag : pilot
South Korea eyes September launch for second phase of CBDC pilot: Report
The Bank of Korea’s CBDC pilot will add two regional banks, new payment features and tests of government subsidy payments using tokenized bank deposits The...
ECB picks 36 payment providers to test digital euro ahead of 2027 pilot
The European Central Bank is moving the digital euro from planning into testing, with dozens of payment companies joining the next stage of the project....
Hyundai completes USDT treasury settlement pilot between US and Mexico
Hyundai Motor’s US and Mexican units completed a pilot cross-border treasury transfer using Tether’s USDT stablecoin, settling a $20,000 payment in about seven minutes on...
South Korea tests blockchain stablecoin in first government pilot
South Korea has launched its first government-backed blockchain stablecoin pilot after Gyeonggi Province confirmed an eight-month proof-of-concept program scheduled to begin in August. Summary Gyeonggi...
Swift launches blockchain ledger with 17-bank tokenized deposit pilot
The world’s largest financial messaging network, Swift, said its blockchain-based ledger is ready for initial use after nine months of development. Seventeen major banks, including...
UN agency moves Stellar blockchain payment initiative beyond pilot stage
The United Nations Development Programme (UNDP) has signed a new agreement with the Stellar Development Foundation to expand the agency’s use of blockchain-based payments after...
South Korean consortium completes won based digital currency pilot on Kaia
South Korean blockchain consortium has completed a proof of concept showing a blockchain-based digital local currency processing payments and settlements in under one second with...
Hong Kong launches e-HKD pilot for after hours derivatives margin payments
Hong Kong’s market operator and central bank have begun testing a wholesale central bank digital currency for derivatives trading, expanding the use of digital money...
India’s SEBI to test tokenized corporate bond settlements in DLT pilot
India’s market regulator has moved ahead with a pilot project for tokenized corporate bonds, testing whether distributed ledger technology can improve liquidity and settlement efficiency...