Tom Mutton, the Chair, opened the second CBDC Technology Forum meeting by acknowledging the recent joint announcement by the Bank and HM Treasury regarding the exploration of a UK Central Bank Digital Currency (CBDC). The Bank provided a brief summary of the first Engagement Forum meeting, in line with the published minutes. They introduced the main models of CBDC, including the platform model, pooled account model, intermediated token model, and bearer instrument model. The purpose of the discussion was to gather Members’ perspectives on the technological implications of these models.