A Central Bank Digital Currency ( CBDC ) is a digital form of the fiat currency issued by the central bank of a country as it is the case of issuing paper, metal or plastic currency which is a direct liability to the central bank. A CBDC acts as a safe, government-backed, and ultimate medium of settlement by eliminating all claims that occur during a transaction.

Many countries such as USA, China, Bahamas, India and others are researching or developing CBDC prototypes. As some CBDC issuance models to be implemented may not be different from the current intermediary system of currency issuance, any central banks and commercial banks will need to adopt a parallel end-to-end DLT enabled system for CBDC issuance and circulation.

TFL knows how to built and drive the CBDC model based on its’ DLT platform. You want to know more, contact our dedicated CBDC team.