Central Banking

Bank of Thailand names digital currency partners

The Bank of Thailand

The Bank of Thailand has announced more detail on its development of a prototype wholesale central bank digital currency (CBDC), including its commercial partners.  

The central bank is running a project on using the wholesale CBDC in domestic interbank settlements. It has formed a “collaborative partnership” with eight commercial banks and the distributed ledger development company R3, it says in a statement.  

The eight banks in the consortium include HSBC and the Thai subsidiary of Standard

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