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This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages) The topic of this article may not meet Misplaced Pages's general notability guideline. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted. Find sources: "MBridge" – news · newspapers · books · scholar · JSTOR (February 2023) (Learn how and when to remove this message) This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "MBridge" – news · newspapers · books · scholar · JSTOR (February 2023) (Learn how and when to remove this message) (Learn how and when to remove this message)

mBridge is a platform developed by a group of central banks, including the Hong Kong Monetary Authority (HKMA), the Bank of Thailand (BoT), the Central Bank of the United Arab Emirates (CBUAE), the Digital Currency Research Institute of the People's Bank of China (PBC DCI), and the BIS Innovation Hub Hong Kong Centre (BISIH Hong Kong Centre). The platform is designed to support real-time, peer-to-peer, cross-border payments and foreign exchange transactions using CBDCs, and it is based on a new blockchain called the mBridge Ledger. The platform is designed to ensure compliance with jurisdiction-specific policy and legal requirements, regulations, and governance needs.

A pilot involving real corporate transactions was conducted on the platform among participating central banks, selected commercial banks, and their customers in four jurisdictions. The project has focused on developing hypothetical use cases in the Greater Bay Area (GBA) as a way to demonstrate the technology and operational improvements that mBridge can offer. The next phases of the project are expected to include additional use cases and participants, and further work on the legal and governance framework.

References

1. "Project mBridge: Connecting economies through CBDC". 2022-10-26. {{cite journal}}: Cite journal requires |journal= (help)

• Central bank digital currencies
• Monetary reform