HomeCBDCBIS ProjectsInitiative Jura: Enhancing Cross-Border Transactions with Wholesale CBDCs

Initiative Jura: Enhancing Cross-Border Transactions with Wholesale CBDCs

Jura endeavors to investigate the direct transfer of wholesale central bank digital currencies (wCBDCs) denominated in euro and Swiss franc between commercial banks in France and Switzerland. This is facilitated through a single distributed ledger technology (DLT) platform managed by a third-party operator. The platform ensures secure and efficient settlement of tokenized asset and foreign exchange trades utilizing payment versus payment (PvP) and delivery versus payment (DvP) mechanisms.

Conducted in an environment closely resembling real-world conditions, the experiment involves transactions with actual value and adheres to existing regulatory standards. This initiative represents a collaboration between public and private entities, including the Banque de France, the BIS Innovation Hub Swiss Centre, the Swiss National Bank, and a consortium from the private sector.

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