Embrace the future of digital currencies

Accelerate your digital currency journey today.

Welcome to the Digital Currencies Hub

Discover the full potential of central bank digital currencies (CBDCs) and regulated digital currencies with real-life case studies, expert insights and resources from R3.

Capitalize on the new digital economy

98% of the global GDP is exploring a CBDC and 11 countries have already fully launched a digital currency. Some of the largest commercial banks and exchanges in the world have already issued institutional or private stablecoins.

Faster cross-border payments
Liquidity management
Programmable services
T+1 post-trade settlement
Market efficiency & transparency 
Atomic Delivery versus Payment

Major global financial institutions are already realizing the benefits of digital currencies

Project Helvetia Phase III

SIX Digital Exchange (SDX), the first stock exchange to launch a blockchain-based secondary market for digital securities, is also taking part in a global-first pilot test with the Swiss National Bank to settle transactions with a central bank digital currency.

Powered by R3’s Corda, SDX integrates digital asset trading, settlement, and custody on a secure, simple and instantaneous infrastructure.

NEWS
Swiss Wholesale CBDC Pilot With SDX Powered by R3’s Corda
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18 Italian banks trial wholesale CBDC in sandbox

In June 2023, Project Leonidas was launched by The Italian Banking Association (ABI) – a wholesale central bank digital currency (CBDC) trial with the Bank of Italy.

ABI through its blockchain application Spunta, powered by Corda, has been in production for three years and includes nearly 100 banks.

Blog
Project Leonidas
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Cross-border digital cash solution

Digital Cash eliminates the reliance on SWIFT and correspondent banks using cash tokens to move value between Wells Fargo entities cross-border. It results in settlement without third parties and a reduction in transfer time, costs and points-of-failure.

After successfully completing a pilot in 2020, Wells Fargo launched its internal Digital Cash solution in 2021. The solution allows Wells Fargo to complete internal book transfers of cross-border payments within its global network using tokenized cash, resulting in less transfer time, costs and points of failure.

Video
Wells Fargo digital cash for global payment services
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CBDC compatible deposit token infrastructure to promote cost-effective and borderless trade finance

The blockchain firm, Fluent Finance, said its new UAE entity, named Fluent Economic Bridge, will focus on deposit token infrastructure to promote cost-effective and borderless trade finance between Abu Dhabi lenders and global markets.

“The UAE has positioned itself as a global leader for digital assets through their special economic zone initiatives, regulation foresight, and global trade expansion with strategic MoUs,” said Fluent Finance’s CEO, Bradley Allgood. “We use Corda by R3 as our enterprise layer to bring CBDC-compatible deposit token infrastructure for borderless payments, complementing the UAE as they lead the charge on digital transformation.”

Article
Fluent Finance expands presence to advance the UAE’s trade finance and cross-border payments landscape
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Featured Project

The Central Bank of the UAE (CBUAE) selects R3 to assist with its CBDC Implementation Strategy

R3, G42 Cloud and Clifford Chance, have been selected to assist the Central Bank of the UAE (CBUAE) in implementing its Central Bank Digital Currency (CBDC) Implementation Strategy. This is one of nine initiatives in the CBUAE’s Financial Infrastructure Transformation (FIT) Programme.

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Press release
R3’s Corda selected as the technology
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Resource corner

Discover the power of payment infrastructure

To help regulated market participants stay ahead of innovations in digital currencies, R3 has developed the Digital Currency Accelerator. Powered by Corda, the Accelerator offers a suite of capabilities for all stages of digital currency development with two primary types—CBDCs and fiat-backed stablecoins.

Plug into an existing ecosystem of regulated institutions exploring digital currency transactions

With our roots as a bank consortium, R3 has deep expertise working with government entities, regulators, central banks and private sector institutions. With the Digital Currency Accelerator, you gain access to a ‘ready-made’ payments ecosystem convened by R3 and underpinned by Corda—the market leading DLT platform for financial services that is permissioned by design, open core, interoperable, secure and scalable. 

Discover Digital Currency Accelerator

Connect with R3

R3 is here to support you at every stage of your digital currency journey–from experimentation to production.

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