Central banks urged to adopt DLT-based CBDC

Industry figures argue central bank money needed for token-based securities settlement, but central bankers sceptical

Key question: central bankers tend to favour upgrading current systems rather than new CBDC projects

The financial industry is pushing central banks to adopt a distributed ledger technology-based central bank digital currency (CBDC) to support tokenised securities settlement.

However, some central bankers are sceptical of the plans and suggest an upgrade to current infrastructure may be sufficient.

Panellists at Sibos on September 25 said there could be financial stability benefits to providing a form of central bank money in tokenised form.

At present, a token-based securities transaction

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