The Bank for International Settlements (BIS) has successfully completed a cross-border trading experiment using central bank digital currencies (CBDCs) and decentralized finance (DeFi) technology. The experiment, dubbed “Project Mariana”, was conducted in collaboration with the central banks of France, Singapore and Switzerland. The test used hypothetical euro, Singapore dollar and Swiss franc wCBDCs, as well as a common technical token standard provided by a public blockchain to facilitate the exchanges between the currencies. Additionally, bridges were used to transfer the wCBDCs and an automated market maker (AMM) was used for trades. The BIS has stated that the experiment was “purely experimental” and does not mean that any of the countries involved have plans to issue wCBDCs or utilize DeFi technology.

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Information	Details
Geography	Europe
Countries	🇫🇷 🇸🇬 🇨🇭
Sentiment	neutral
Relevance Score	8
People	None
Companies	Bank for International Settlements, Bank for International Settlements (BIS), European Central Bank, Project Mariana, Automated Market Maker (AMM)
Currencies	Swiss Franc, Ethereum, Bitcoin, Euro, Singapore Dollar
Securities	None