The Bank of Spain unveils the dream team for wholesale CBDC trials

The Bank of Spain just revealed exciting partners for its upcoming wholesale Central Bank Digital Currency (CBDC) trials. Adhara, a treasury and transactions payment platform, is teaming up with a dynamic duo. Cecabank and Abanca, are two private banks. This collaboration is set to redefine the future of digital currency outside the ongoing digital euro process.

Bank of Spain Takes the Leap! Partners Up for a Thrilling Wholesale CBDC Trial

The Bank of Spain just unveiled its grand plans for a wholesale Central Bank Digital Currency (CBDC) trial, and the lineup is nothing short of spectacular. Teaming up with tech trailblazers Adhara, a Web3 powerhouse, and a dynamic duo of national banks, Cecabank and Abanca, get ready for a digital revolution like never before

Adhara steps into the spotlight, tasked with simulating interbank payments using tokenized wholesale CBDCs. A seamless digital playground where Adhara crafts multiple CBDC infrastructures, providing wallets and a state-of-the-art digital interbank payments platform. Now that's innovation in action

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Enter the Abanca-Cecabank dream team! Their focus? Testing the integration of a wholesale CBDC with financial asset settlements, offering a real-world look at the pros and cons compared to traditional processes. Imagine a simulated bond journeying through blockchain realms managed by Cecabank. It's a test that could redefine the future of finance!

Over a year ago, the Bank of Spain threw open the gates, calling for contributors to join the CBDC revolution. These trials stand apart from the ongoing digital euro pilot project, signaling a bold move into uncharted territories.