SOLUTION · RESEARCH & DESIGN
Designing the infrastructure for issuing and operating stablecoins, with asset rules and participant controls in view.
Designing the infrastructure for issuing and operating stablecoins, with asset rules and participant controls in view.
Identity, permissions, jurisdiction and selective visibility shape the proposed workflow. Specific interfaces and operating requirements are under research and design.
We welcome institutions and builders who want to discuss their requirements. These capabilities are not currently offered as production services.
PROGRAMMABLE MONEY
RESEARCH & DESIGNResearching infrastructure for multiple forms of programmable money, with each instrument’s rights and settlement conditions intact.
Reserve-backed digital tokens
A token designed to track a currency’s value. Holding it is generally different from holding a bank deposit; backing and redemption rights depend on its terms.
Explore the model ↗Bank deposits on programmable rails
A bank’s deposit liability recorded on a programmable ledger. In the two-tier model, banks settle with each other in central bank money.
Explore the model ↗Identity · Policy · Settlement conditions
Connection research, not automatic conversion or a guarantee of equal value. Settlement eligibility depends on the issuer, currency and market rules.
TRUSTED SETTLEMENT
BIS highlights that tokenized deposits settled in central bank money can preserve exchange at par. Different stablecoins do not automatically exchange at equal value.
BIS perspective & our research ↗CROSS-CURRENCY RESEARCH
One question connects money to markets: how should currency exchange, asset delivery and their conditions be coordinated?
ONE FINANCIAL NETWORK. A WORLD OF POSSIBILITY.
Money. Assets. Markets. Connected.