Tag: pilot
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South Korea plans a CBDC pilot in 2024
The South Korean government has recently announced its plans to conduct a pilot of Central Bank Digital Currency (CBDC) in 2024. This move highlights the country’s desire to stay at the forefront of financial innovation and digital transformation. CBDC refers to a digital form of fiat currency that is issued and regulated by the central…
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Standard Chartered HK and G+D detail findings on e-HKD pilot
Introduction Standard Chartered HK, in collaboration with renowned technology company G+D, has disclosed the results of their pilot program, focusing on the use of electronic Hong Kong Dollars (e-HKD) in various financial transactions. The e-HKD Pilot Program The pilot program was designed to explore the potential of e-HKD, the digital version of the Hong Kong…
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Standard Chartered and Deutsche Bank pilot SWIFT alternative
In a move to revolutionize global banking transactions, Standard Chartered and Deutsche Bank are teaming up to pilot a new alternative to the Society for Worldwide Interbank Financial Telecommunication (SWIFT) system. The SWIFT network, established in 1973, has long been the backbone of international banking communication, enabling secure transactions between…
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Sberbank to participate in Russian Central Bank’s Digital Ruble pilot
Sberbank, one of Russia’s largest banks, has announced its participation in the pilot program for the implementation of the Central Bank of Russia’s Digital Ruble project. This marks a significant step towards the integration of digital currencies into the mainstream financial system. The Digital Ruble is a central bank digital currency (CBDC) that aims to…
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UBS Asset Management launches blockchain VCC fund pilot in Singapore
UBS Asset Management, one of the world’s largest and most trusted financial institutions, has announced the launch of its blockchain Variable Capital Company (VCC) fund pilot in Singapore. This move showcases UBS Asset Management’s commitment to exploring innovative technologies to enhance the efficiency and transparency of its investment offerings. The VCC fund pilot will leverage…