BIS Leads Successful Test of International CBDCs
In a joint initiative, the Bank for International Settlements (BIS) and the central banks of Switzerland, France and Singapore have wrapped up a test focused on the cross-border exchange and settlement of wholesale digital currencies issued by central banks.
On this page
Dubbed Project Mariana, the trial employed public blockchain technology and DeFi concepts to facilitate transactions involving hypothetical versions of the euro, Singapore dollar, and Swiss franc.
The experiment used a unified token standard and specialized decentralized exchanges for forex settlements.
Although the test met its objectives, it remains a pilot requiring additional study.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
