Cecabank, Abanca and Adhara Blockchain are the companies chosen from the 24 applications the central bank has received over the past year.
A year after publishing an open call for partners to experiment with central bank digital currency (CBDC) tests, Spain’s central bank, Banco de España, has chosen its collaborators. On Jan. 3, the central bank published a resolution announcing its partnership with Cecabank, Abanca and Adhara Blockchain.
The pilot of the wholesale CBDC will take place in the next six months and will feature the simulation of the processing and settlement of interbank payments both with a single tokenized wholesale CBDC and by exchanging several wholesale CBDCs issued by different central banks.
In another part of the experiment conducted with the help of the Cecabank-Abanca consortium, the wholesale CBDC will be used for the settlement of a simulated tokenized bond.
