The Bank for International Settlements, the Monetary Authority of Singapore, and others have launched new projects to explore cross-border transactions of CBDC using Curve HFMM

2023-06-28 23:25:21

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ChainCatcher news, the Bank for International Settlements (BIS) official website published an article today introducing a new project called Project Mariana.

Project Mariana is a cross-center collaboration project jointly launched by the BIS Innovation Hub, the Monetary Authority of Singapore, the Bank of France, the Swiss National Bank, and others. It aims to achieve cross-border transactions of wholesale central bank digital currencies (CBDCs) through automated market making, exploring whether this solution can enhance the efficiency, security, and transparency of foreign exchange trading and settlement, while mitigating some potential risks associated with the foreign exchange market.

It is worth mentioning that in the introduction document of Project Mariana, it is stated that the project will adopt the hybrid function market maker (HFMM) of Curve V2. (Source link)

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