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BIS Project mBridge 2024 - Multi-CBDC Platform: Participating Central Banks (PBOC, HKMA, BOT, CBUAE), Minimum Viable Product Launch, Governance Model, Settlement Finality, Privacy Tiers and Potential Expansion to BIS Innovation Hub Members

This regulation outlines the operational and governance framework for the mBridge multi-central bank digital currency (CBDC) platform, which enables…

What BIS Project mBridge 2024 - Multi-CBDC Platform: Participating Central Banks (PBOC, HKMA, BOT, CBUAE), Minimum Viable Product Launch, Governance Model, Settlement Finality, Privacy Tiers and Potential Expansion to BIS Innovation Hub Members requires

This regulation outlines the operational and governance framework for the mBridge multi-central bank digital currency (CBDC) platform, which enables real-time, peer-to-peer cross-border payments and foreign exchange transactions via a distributed ledger. It applies to participating central banks, commercial banks, and observing institutions, with key provisions on jurisdictional preparedness for real-value transactions and platform compatibility with the Ethereum Virtual Machine.

Pillar: Crypto & Sovereign Finance · Authority: Bank for International Settlements (BIS) Innovation Hub · Version: 1.0.1 · Last updated:

Primary source: https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm

SHA-256 integrity: 184cf298c757b0ad6a67023456c03ef3f804cdcc01cee41b67c5731e37c199cb

Primary Citations — 5 traced to source

  • Project mBridge reached minimum viable product stage, https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm, Updated 11 November 2024
  • Project mBridge: Connecting economies through CBDC, https://www.bis.org/about/bisih/topics/cbdc/mcbdc_bridge.htm, October 2022

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