6 posts tagged “CBDC”
Using MAS’s latest address as a guide, this article examines Singapore’s digital finance roadmap across asset tokenisation, repo settlement, the division of digital settlement money, GL1 standards, and SAFR agentic governance.
Explores the core distinction between account-based and token-based money across value representation, verification logic, and ledger architecture, analyzing hybrid CBDC ledgers, source-of-truth determination, and wholesale vs retail engineering trade-offs.
An in-depth analysis of the Bank of Korea's Project Hangang, examining its two-tier architecture of wholesale CBDC and tokenised deposits, interbank burn-and-issue settlement, Phase 1 empirical findings, and Phase 2 regulatory sandbox expansion.
A systematic review of Project e-HKD pilot outcomes, exploring Hong Kong's strategic pivot from retail payments to wholesale tokenised asset settlement.
An in-depth analysis of the ECB digital euro project, examining the drivers of public money digitalization, two-tier distribution, offline chip security, holding limit water-tank models, and implementation milestones.
This article explains the classification, issuance mechanisms, and global policy divergence of CBDC from the perspectives of issuers, liability relationships, and settlement assets, and analyzes its impact on banks and financial infrastructure.