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Digital Currency

DLT Solutions for Digital Currency: Build a Frictionless Global Economy

As commerce moves onto digital platforms and financial services modernize, the demand for digital currencies has grown dramatically. Regulated stablecoins are now in-market and experiments conducted by central banks showcase mainstream applications for Central Bank Digital Currency (CBDC).

When issued through applications built on distributed ledger technology (DLT), digital currency presents end-users, regulated financial institutions and the public sector opportunities to transform interbank settlement for payments and securities, boost liquidity for corporates and innovate with new instruments for fiscal policy and financial inclusion.

Central Bank Digital Currencies have emerged as a rapidly accelerating new type of money, with both the private and public sectors increasingly involved. R3 has been actively working with dozens of central banks, regulators, commercial banks, exchanges and more on projects seeking to increase efficiency and reduce risk in domestic and cross-border payments, promote financial stability with increased controls, and improve access to finance for underbanked populations. For ongoing research and output from our CBDC working group of over 100 central banks and leading financial institutions, visit the CBDC Research Center.

Meanwhile, stablecoins are starting to see mainstream adoption across multiple use cases. Already popular stablecoins are growing in volumes while a new breed of regulated stablecoins provide apt solutions for long-standing issues surrounding inter-company settlement and liquidity management and provide the promise to integrate into digital asset networks being built in parallel.

Why Corda?

 

Leverage experience from 5-years of projects across wholesale and general-purpose 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 programmable money 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

Testimonials

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”