BNP Paribas, the Eurozone's largest bank by assets, has joined the sandbox of the Commercial Bank Money Token (CBMT) initiative, and Dutch bank ABN AMRO
- BNP Paribas and ABN AMRO have joined the European Commercial Bank Money Token (CBMT) initiative's sandbox, expanding it beyond Germany.
- The CBMT initiative aims to create a tokenized extension of SEPA, with each participating bank issuing its own deposit token connected via the CBMT Bridge.
- This development signifies a move towards a more European-wide framework for deposit tokens, offering programmable payment logic for treasurers.
Topics: Jurisdictions, Banks bankingsystems, Blockchain usage, Established hubs, Custody asset servicing, Private enterprise ledgers
Tags: #bnpparibas #abnamro #cbmt #deposittoken #sandbox #europeanproject #sepa #udpn #dltnetworks #treasurers
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