KNOWLEDGE PLATFORM.
CBDC Consulting
TICKERTAPE
IDEMIA Secure Transactions (IST) partners with R3 to enable secure and seamless offline CBDC solutions, leveraging IST's offline capabilities to integrate with R3's Digital Currency platform. This expands CBDC reach, enhances financial inclusion, and introduces offline payment technology, representing a significant advancement in digital currency evolution.
A new report by OMFIF and G+D emphasizes the need for central banks to take decisive action on issuing CBDCs. Despite progress, many central banks are hesitant, citing concerns over low adoption and technical challenges. The report argues that CBDCs can foster a more inclusive, resilient, and accessible financial system.
The ECB is actively progressing with the digital euro, expecting a decision on the next phase by November 2025, pending legislation. Procurement is underway, and a rulebook is nearing completion. The digital euro aims to offer innovative conditional payments, potentially improving on current systems without necessarily relying on blockchain. Focus groups are helping to align the digital euro with user expectations. The rise of dollar-based stablecoins is a concern, possibly shifting deposits from Europe to the US.
A new report by the International Monetary Fund (IMF) explores the potential of digital money and CBDCs to transform cross-border payments. The report estimates that CBDCs could reduce transaction costs by 60% and increase transaction volumes, particularly in countries with high remittance costs and limited financial inclusion.
The International Telecommunication Union (ITU) releases a report outlining a reference architecture for Central Bank Digital Currencies (CBDCs). The report aims to standardize the development of CBDCs, enabling comparison and evaluation of different systems. It covers key aspects such as issuance, distribution, exchange, and user interfaces.
This paper presents a conceptual model for point-of-sale payments with retail CBDC. The model explores the technical background of CBDC wallets and proposes a solution for enabling CBDC payments at points of sale. The model highlights the importance of offline capabilities, wallet types, and communication channels, and proposes the use of Application Selection, and harmonization requirements for QR codes for CBDC payments.
The National Bank of Ukraine is exploring the feasibility of piloting the e-Hryvnia. The pilot project will be conducted using Distributed Ledger Technology (DLT) in an open environment, involving real users and payment service providers. This approach will allow the NBU to verify whether the e-Hryvnia can effectively perform the functions of money, satisfy user needs, and demonstrate the efficacy of its programmability.
The Eurosystem's successful distributed ledger technology (DLT) settlement trials in central bank money have led to a significant increase in German digital securities issuances. In the second half of 2024, German digital securities issuances totaled €615 million, more than double the cumulative amount up until then.
The U.S. House and Senate introduce similar stablecoin bills, the STABLE Act and the GENIUS Act, respectively. The key differences include the GENIUS Act's requirement for large stablecoins ($10 billion+) to be federally regulated, while the STABLE Act allows them to remain state-regulated. The bills also have some variations in allowable reserve assets.
Brazil is proposing the creation of the Sovereign Strategic Bitcoin Reserve (RESBit), which would allocate up to 5% of the country's international reserves to Bitcoin. This strategic move aims to enhance monetary stability and foster blockchain innovation, positioning Brazil as a regional leader in financial technology.
According to the Central Bank of Brazil, stablecoins account for a staggering 90% of crypto transactions in the country. While this highlights the surging adoption of digital assets, it also presents regulatory and oversight challenges, particularly around taxation and money laundering.
The White House crypto and AI czar, David Sacks, announced a bipartisan effort by the Senate and House Agriculture and Finance/Banking Committees to draft digital asset legislation. Sacks highlighted the potential for stablecoins to bolster the U.S. dollar's dominance and increase demand for Treasuries, emphasizing the need for regulatory clarity.
The Bank of Papua New Guinea, in collaboration with Japan's METI and fintech company Soramitsu, successfully completes a Proof of Concept for the country's retail CBDC, the Digital Kina. The initiative aims to enhance payment systems and improve financial inclusion across Papua New Guinea.
Indian fintech platforms MobiKwik and CRED become the first non-banking entities to offer the e-Rupee (e₹) wallet for their users. The e₹ wallet functions like physical cash, enabling digital transactions and moving towards a less cash economy in India.
The Bank of Canada releases a research paper on the use of privacy-enhancing technologies (PETs) in CBDCs. The paper explores the potential of PETs to protect user data and maintain confidentiality in CBDC transactions. It highlights the importance of balancing user privacy with regulatory compliance.
Co-chaired by our Hubert Knapp, the Digital Euro Association's latest report delves into the role of open-source software (OSS) in CBDC development. The report highlights the benefits of OSS, including transparency, innovation, and cost efficiency, while also addressing challenges such as governance gaps, security vulnerabilities, and reputational risks.
WHAT WE OFFER
CBDC Consulting

WHAT WE DO

TECHNOLOGY
WHY CHAVANETTE ?
We are creating the Financial Services Infrastructure for the Next Generation.
Finance has never seen a technological transformation of this magnitude.
Chavanette Advisors speeds adoption of emerging technologies to help regulators and financial services providers solve complex challenges.

Strong Commitment to Financial Inclusion

Expertise in Digital Banking and Financial Infrastructure Technology

Global Delivery Capability
What We Do
SERVICES
CBDC Consulting Services
OFFERING VALUE AT THE VANGUARD OF CBDC IMPLEMENTATION
Advisory Services
ADVISORY FOR THE DIGITAL ECONOMY
SOLUTIONS
Alpha Knowledge Platform
The Alpha Knowledge Platform (αLP) is your ultimate resource and knowledge base for Central Bank Digital Currency (CBDC) and the financial technologies powering the Digital Economy.
Let αLP be your one-stop-shop for staying informed on CBDC progress, be the primary source for accessing key research papers and articles, and be your guide through this exciting once in a lifetime transformation of the financial ecosystem.
Central Banking 4.0 Studio
With the rapid development of CBDCs globally, effective design and
usability testing are crucial for ensuring implementation and
organizational readiness.
Central Banking 4.0 Studio allows you to build and test
prototypes for rapid CBDC design and usability testing. Designed specifically for central banks and
their key stakeholders in CBDC testing.
ADVANCING THE ADOPTION OF
DIGITAL CURRENCIES
PARTNERS


TRUST • INTEGRITY • DELIVERY
Chavanette Advisors specialises in the creation and deployment of future-focused technological solutions.
We provide expert advice and project management to financial services and enterprise clients globally, engaging disruptive technologies that are transforming their operations and industries.
We help clients leverage emerging technology to solve complex business and technology problems, drive innovation, and produce market-leading products and services.
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NEWSBLOG

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