Brazilian central bank outlines CBDC project

Drex is being developed on a distributed ledger platform with smart contracts

Drex, Central Bank of Brazil

The Central Bank of Brazil (BCB) revealed new details of its central bank digital currency (CBDC) project on August 15.

Drex, as the currency is called, is being developed on a distributed ledger technology platform that includes smart contracts, Hyperledger Besu.

This is an ethereum client designed for public and private networks. “Its comprehensive permissioning schemes are designed specifically for use in a consortium environment,” says the Hyperledger foundation on its website.


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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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