Bahamian central bank chooses start-up to spearhead CBDC project

Digital currency

The Central Bank of The Bahamas has selected a technology provider to develop its planned digital fiat currency, it announced in a press release on March 1.

After a tender process, blockchain startup NZIA was selected to design and implement the central bank’s payments system initiative, Project Sand Dollar.

According to the central bank, NZIA “brings together the collective know-how and expertise of IBM, a leader in enterprise blockchain, along with Zynesis, a Singapore-based software

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account