Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Spanish Banks Choose Adhara, Cecabank and Abanca to Test CBDC
BLOCKCHAIN NEWS

Spanish Banks Choose Adhara, Cecabank and Abanca to Test CBDC

By Crypto FlexsJanuary 6, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Spanish Banks Choose Adhara, Cecabank and Abanca to Test CBDC
Share
Facebook Twitter LinkedIn Pinterest Email

Spain’s Banco de España announced a partnership with Cecabank, Abanca and Adhara Blockchain to conduct a pilot program to explore the use of wholesale central bank digital currencies (CBDCs). Announced on January 3, 2024, this initiative is an important step in understanding the potential of digital currencies in interbank operations.

The pilot program simulates interbank payment processing and settlement using tokenized wholesale CBDC. It also involves exchanging multiple wholesale CBDCs issued by multiple central banks. Adhara Blockchain, headquartered in the UK, is one of three companies selected from 24 applications received by Banco de España over the past year for this project​​.

Our collaboration with Adhara Blockchain will focus on experimenting with both tokenized CBDCs and multiple wholesale CBDCs for interbank payments. This involves setting up two platforms: a wholesale CBDC infrastructure that provides digital wallets for businesses and a digital reconciliation platform for interbank payments. Key tasks will include wholesale CBDC issuance, access and operational rights management, transaction monitoring, and real-time tracking of interbank payments.

At the same time, the agreement with the Cecabank-Abanca consortium will focus on financial operations and asset custody. This part of the experiment explores the issuance, tokenization, and registration of a mock tokenized bond on a blockchain platform managed by Cecabank. It also aims to simulate Banco de España’s wholesale CBDC issuance and its distribution to businesses for use as a payment asset. Experiments include studies of asset management through digital wallets, placement and subscription of tokenized bond shares, and cumulative coupon registration and payments of wholesale CBDC to bond holders. It will also explore creating secondary markets for tokenized bond shares and cross-border operations to issue wholesale CBDC in foreign currencies. Another aspect of the experiment could include repo operations using tokenized bonds as collateral. liquidity Provided to owners in the form of wholesale CBDC.​​​​​.

Importantly, these contracts do not include monetary compensation. Each participating entity bears the cost of the actions it decides to take.​​

In summary, Banco de España’s collaboration with Cecabank, Abanca and Adhara Blockchain for the wholesale CBDC pilot marks a pivotal move for Spain to explore the role of digital currencies in interbank operations. Experimenting with different aspects of digital currency management, with a focus on processing and settling interbank payments using tokenized wholesale CBDCs, this pilot highlights the growing interest and potential of CBDCs in the modern financial landscape.

Image source: Shutterstock

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Rabby Wallet integrates XRPL EVM chain with peersyst

September 15, 2025

Skale Labs fairly publishes a technical white paper and introduces the industry’s first “encryption proof” consensus protocol.

September 10, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025

Kintsu Launches SHYPE On Hyperliquid

September 16, 2025

New Cryptocurrency Mutuum Finance (MUTM) Raises $15.8M As Phase 6 Reaches 40%

September 16, 2025

How XRP Enthusiasts Can Earn $15k/Day

September 16, 2025

Bringing 1R0R To R0AR Chain Unlocks New Incentives

September 16, 2025

As the Air drop recipient is sold, the infinite price is 46% conflict after Binance listing.

September 16, 2025

Vulnerability or orbit again? BTC has a line at $ 115K

September 16, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

France can break the EU password market with ‘atomic weapons’.

September 15, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Stablecoin Holdings Drop As Investors Pivot To SOL, XRP, And Altcoins

September 17, 2025

Flipster Partners With WLFI To Advance Global Stablecoin Adoption Through USD1 Integration

September 17, 2025

Zircuit Launches $495K Grants Program To Accelerate Web3 Super Apps

September 16, 2025
Most Popular

BNB wants to go above $600, but why can an altcoin fall to $550?

May 5, 2024

There is a lie with ChainLink’s potential $ 10 for this major support.

March 11, 2025

Ethereum Under Attack: SEC to “Protect the Financial Environment” Consensys CEO Criticizes SEC’s Cryptocurrency Crackdown

May 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.