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US wholesale digital-asset settlements to be subject of pilot project by NY Fed, banks

( November 16, 2022, 19:54 GMT | Official Statement) -- MLex Summary: The US Federal Reserve Bank of New York is joining forces with a number of large financial companies in a 12-week digital pilot project. The project will test the feasibility of a network of digital central bank liabilities and commercial bank digital money using distributed ledger technology. Among the private-sector institutions participating are BNY Mellon, Wells Fargo, Citigroup, Mastercard, and HSBC, with interoperability supported by Swift, the global financial messaging service provider.See document below. ...

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