Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain
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According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later, if the platform is definitely chosen. Tokenized Digital Real Pilot to Use Ethereum-Compatible Hyperledger Besu Brazil continues to move forward with its plan of delivering a working version of its own central bank digital currency (CBDC), the digital real, for the end of 2024. According
ECB Considers Digital Euro on Ethereum or Solana Blockchains Key Highlights: The European Central Bank (ECB) is open to possibility of deploying the digital euro on public blockchains. This shift comes as American stablecoins gain popularity, pushing Europe to protect its control over money in this digital age. There are…
South Korea is kicking off a pilot that will replace government expense credit cards with blockchain‑based deposit tokens. Blockchain Goes TradFi? The Ministry of Finance and Economy announced on an official press release that the pilot project for the execution of national treasury funds using blockchain‑based digital currency has been…
Key Highlights The project involves creating a tokenized share class using the bank’s AssetFoundry platform. The pilot allows BNP Paribas to test the full lifecycle of a tokenized fund within a controlled setting. The Ethereum-based test follows earlier tokenization work by BNP Paribas Asset Management. BNP Paribas Asset Management, an…