KNOWLEDGE PLATFORM.
CBDC Consulting
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The Central Bank of the UAE (CBUAE) unveils a new symbol for the UAE's national currency, the Dirham, in both physical and digital forms. The CBUAE also announces progress on the issuance of the Digital Dirham, a CBDC, aimed at bolstering the UAE's position as a global financial hub.
The IMF publishes a report on how privacy technologies can build trust in the digital economy by protecting sensitive data. Homomorphic encryption, secure multiparty computation, and federated learning enable secure data processing, while zero-knowledge proofs and differential privacy ensure private data sharing.
The European Central Bank is exploring the international use of a proposed digital euro that could complement physical cash. The digital euro aims to foster competition, enable cross-border payments, and support the use of CBDCs globally, while respecting the sovereignty of third countries.
The working paper discusses the impact of instant payment systems on the banking sector, using Brazil's Pix system as a case study. The authors find that instant payments increase banks' demand for liquid assets, reducing their capacity for credit intermediation. They attribute this to the loss of payment netting, which makes banks more vulnerable to payment shocks.
The Wyoming Stable Token Commission enters a critical testing phase for the Wyoming Stable Token (WYST), a fiat-backed and fully-reserved stable token. This milestone underscores Wyoming's commitment to digital asset innovation, with test tokens deployed across several blockchain networks in collaboration with partner LayerZero Labs.
An article by the NY Fed examines the interoperability of blockchain payment systems using a three-pillar framework of technical, legal, and economic factors. It finds limited interoperability in blockchain systems, as evidenced by divergent prices of stablecoins across different blockchain platforms. These lessons can inform the development of a new global payments architecture to achieve better interoperability.
The BIS publishes a report using the 2023 Red Book statistics, revealing significant global trends in payments, including continued growth in cashless payments, particularly in emerging markets and developing economies (EMDEs). Fast payments are gaining ground, impacting card usage and cash demand in varied ways across jurisdictions. Regulatory changes are also shaping the payment landscape.
The Digital Dollar Project advocates for the modernization of the U.S. dollar to maintain its global prominence in the digital economy. The initiative explores digital dollar instruments like stablecoins and tokenized deposits, driven by private sector innovation and public-private collaboration, to enhance the dollar's efficiency, security, and accessibility.
The Bank of Korea (BOK) is set to launch a three-month real-world transaction experiment combining tokenized deposits and wCBDC, as soon as this month. The trial will involve seven major banks and 100,000 participants, who can convert their bank deposits into tokenized deposits to make payments at various online and offline merchants.The wCBDC will be used for interbank settlement.
The Central Bank of Brazil publishes a technical report on the first phase of its DREX digital currency pilot, highlighting the need for further investigation to ensure the platform meets privacy, data protection, and security requirements. The Central Bank opts to not include new cases in the second phase of the Drex Pilot at this time.
The Magyar Nemzeti Bank (MNB) publishes a whitepaper on their retail CBDC pilot project, Student Safe. The pilot aims to promote financial inclusion and digital literacy among 8-14 year olds, offering a free, secure digital payment solution, allowing users to manage electronic money accounts and make transactions. The central bank's suspension of the app's public operation in February 2025 is a temporary measure to assess the next steps.
The Bank of Israel completes a high-level design for its proposed digital shekel. The design document outlines the key features and architecture of the system, including plans for wide public access, interoperability, and enhanced privacy compared to existing digital payments. The Bank is now seeking public feedback.
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.
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.
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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

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CBDC Consulting Services
OFFERING VALUE AT THE VANGUARD OF CBDC IMPLEMENTATION
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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.
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DIGITAL CURRENCIES
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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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