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DLT for Digital Currency

Learn how R3 is leading innovation in digital currencies.

Build a frictionless global economy using DLT for digital currency

As commerce moves onto digital platforms and financial services modernize, the demand for digital currencies has grown dramatically. New additions to the market, like CBDCs, fiat-backed stablecoins and other digital currencies have prompted rapid research into their use cases and potential applications in the both the private and public sectors.

R3 has been actively working with central and commercial banks, regulators and other parties to identify opportunities to increase efficiency and reduce risk using DLT / blockchain-powered digital currencies.

Digital currency in the public sector: Central Bank Digital Currency

When issued through applications built on distributed ledger technology (DLT), digital currency presents opportunities to transform processes, such as interbank settlement for payments and securities, and boosting liquidity for corporates. This has proven to be particularly successful in regulated environments and research has expanded into central banks, where experiments are showcasing increasingly mainstream applications for Central Bank Digital Currency (CBDC). To find out more, visit our Digital Currencies Hub, which includes thought leadership papers, use cases and more on CBDCs.

Another digital currency group which is growing in popularity is stablecoins—defined by their value which is pegged to an external asset, such as gold. Regulated stablecoins provide apt solutions for long-standing issues surrounding inter-company settlement and liquidity management, and can also integrate into digital asset networks, which are being built in parallel. Stablecoins are predicted to play a key role in the future of digital currency and are being actively considered by central banks as a digital fiat currency.

Ready to start your digital currency journey?

R3 Digital Currency Accelerator is now available. Join dozens of leading global financial institutions and regulatory bodies in experimenting, developing and learning about digital currencies today by requesting a demo.

Why Corda?

Leverage experience from 5 years’ worth of blockchain/DLT projects across general-purpose and highly specific use cases

Atomically settle PvP or DvP workflows domestically or cross-border while enabling greater efficiency across payments scenarios

Access a global ecosystem of financial institutions, payment companies, governments and asset networks all deploying on Corda

Enable new use cases leveraging digital currency and decentralized custody services

Transact with legal certainty and build applications with robust policy frameworks

Support bespoke identity and privacy features while satisfying scalability and finality requirements for regulated financial markets


The technical platform that forms the foundation of the e-krona solution is based on the company R3’s Corda DLT platform. Corda differs on a number of crucial points from cryptocurrencies, such as Bitcoin. For example, the e-krona’s DLT network will be private and only accessible for participants approved by the Riksbank.

Sveriges Riksbank

"Technical solution for the e-krona pilot"

R3's Corda was designed by and for financial institutions. It is a distributed ledger solution that allows for appropriate data confidentiality controls, scales to bank transaction volumes and throughput, and supports an information security design that is compatible with Wells Fargo’s industry regulated standards.

Wells Fargo

“Enabling a pilot Dollar-Linked Stablecoin for Internal Settlement”

Corda is built on tried and tested technologies such as Java Virtual Machine and Structured Query Language (SQL), which support the use of commercial Relational Database Management Systems (RDBMs) and Cloud. This enables the utilization of existing technology capabilities and industry best practice to reduce the frequency and impacts of system failures.

Bank of Thailand and Hong Kong Monetary Authority

“Inthanon-LionRock: Leveraging Distributed Ledger Technology to Increase Efficiency in Cross-Border Payments”

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