EQS-News 137 0 Kommentare GFT Technologies SE: UDPN launches All-in-One Digital Currency Sandbox - Seite 2

A secure environment for digital currency development

With the aim of providing both commercial banks and central banks the technology they will need for digital currencies, the UDPN All-in-One Digital Currency Sandbox is a secure environment that banks can control and provide permissioned access to other institutions in their ecosystem.

The UDPN Sandbox has the full range of digital currency technologies including retail CBDC, wholesale CBDC, tokenised deposits, stablecoins, purpose-bound money, and security and bond tokenisation systems. The Sandbox includes complete retail CBDC systems for banks to test quota management, issuance, circulation, third-party access APIs, and wallet and transaction management.

The UDPN team also announced Project Kissen, a fully developed cross-border multiple wholesale CBDC settlement platform deployed on the UDPN. Central banks and commercial banks can participate in Project Kissen through the UDPN Sandbox to explore the power of wholesale CBDC to address the high costs, settlement risks, and low speed of cross-border settlements.

The UDPN enables interoperability between multiple Central Bank Digital Currencies (CBDCs), tokenised commercial bank money, and regulated stablecoins. It aims to drive down payment and foreign exchange costs whilst accelerating the uptake of regulated digital currencies. The programmability of value-added financial services will enable new business models and enhance the efficiency and transparency of cross-border payments. The UDPN is currently exploring real-life use cases with tier-one financial institutions in a series of 12 PoC’s.

UDPN Commercial All-in-One Digital Currency Sandbox
The All-in-One Digital Currency Sandbox enables commercial and central banks to learn about the latest digital currency technology, test built-in use cases, and develop their own custom use cases.
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This press release is also available for download via the GFT newsroom

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