This is the first m-CBDC experiment that applied automated market making and liquidity management capabilities to reap cross-border payment and settlement efficiencies.
The Monetary Authority of Singapore (MAS) and Banque de France (BdF) have on July 8 announced the completion of a wholesale cross-border payment and settlement experiment using central bank digital currency (CBDC).
The experiment, supported by JP Morgan’s Onyx, simulated cross-border transactions involving multiple CBDCs (mCBDC) on a common network between Singapore and France.
