KNOWLEDGE PLATFORM.
CBDC Consulting
TICKERTAPE
The Central Bank of Russia postpones the initial launch of its digital ruble CBDC, originally slated for July 2025. The delay comes amid resistance from merchants, the Association of Russian Banks (ASROS), and Russia's largest bank, Sber, which was excluded from the initial pilot phase
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 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.
A paper co-authored by the European Central Bank's Ulrich Bindseil explores the potential of public crypto networks to provide financial market infrastructure. The authors conclude that the benefits of public blockchains, such as decentralized finance and automation, and suggest that a CBDC could potentially be issued on a public blockchain, such as Ethereum, if the central bank is comfortable with the risks.
Bank of Baroda, under the guidance of the Reserve Bank of India, unveils a pilot program that allows merchants to independently design and launch loyalty and cashback programs using the e-Rupee. This industry-first initiative aims to boost CBDC adoption and empower small and medium-sized merchants.
In a surprise move, U.S. President Donald Trump reveals the five cryptocurrencies he expects to include in a new U.S. strategic reserve of digital assets. The announcement caused a spike in the market value of Bitcoin, Ether, XRP, Solana, and Cardano, as well as the broader cryptocurrency market.
The Governor of the Central Bank of Iraq (CBI), Ali Al-Alaq, reveals that the Bank is planning to create a digital currency to replace paper notes in transactions with central banks. The move is part of the CBI's digital transformation process and efforts to increase financial inclusion in the country.
The Bank of Namibia (BoN) is cautiously exploring a retail CBDC to modernize its financial system and boost financial inclusion. An IMF report suggests focusing on alternative payment solutions like the Instant Payment Solution (IPS) and addressing foundational gaps before committing to a resource-intensive rCBDC. Key priorities include enhancing digital infrastructure, refining regulations, and ensuring cyber security readiness.
A recent survey conducted by the Bank of Israel finds that over half of the Israeli public is interested in using a digital shekel, with 34% expressing very high interest. The survey identifies key features that could enhance adoption, including protection against fraud and system errors, and the possibility of earning interest.
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.
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.
Project Rialto, a collaboration between the Bank for International Settlements and several central banks, aims to improve cross-border payments using central bank money settlement and an automated foreign exchange conversion layer. The project seeks to reduce costs, increase speed, and enhance transparency in retail cross-border transactions, valued at over $800 billion annually.
A recent paper by the European Central Bank (ECB) critiques the terminology surrounding digital money and finance, highlighting inconsistencies and misleading language. The authors argue that terms like "crypto-asset," "smart contract," and "stablecoin" are often misused, leading to confusion and misunderstandings. The paper proposes alternative terminology to improve clarity, such as changing “Retail CBDC” to “retail Central Bank Electronic Money” (rCBEM).
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
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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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