RBA says DLT network is viable option for wholesale CBDC

Reserve Bank of Australia
Photo: Alex Towle

A wholesale central bank digital currency (CBDC) has the potential to improve efficiency and reduce risk in loan transactions, according to findings from Australia’s central bank.

In a paper published December 8, the Reserve Bank of Australia concluded its findings from the first stage of Project Atom.

Atom saw the development of a proof of concept for the issuance of a tokenised CBDC that is used by wholesale market participants for transacting tokenised syndicated loans.

The project

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