UDPN, G+D, and GFT Collaborate on CBMT Initiative for Tokenized Bank Money

The Universal Digital Payment Network (UDPN), Giesecke+Devrient (G+D), and GFT Technologies (GFT) have joined forces to support the CBMT (Commercial Bank Money Token) initiative, aimed at enhancing the digital financial landscape. As Technical Service Providers, these organizations will help advance secure, scalable, and regulatory-compliant digital solutions for commercial bank money using Distributed Ledger Technology (DLT).

This initiative focuses on integrating programmable digital money transactions, thus improving efficiency and accessibility for commercial bank operations. Key aspects include onboarding services, banking system integration, and utilizing DLT-based technologies to expand the CBMT ecosystem. Real-world applications have shown potential, involving major banks and industry players like Siemens and Mercedes Benz.

The project will explore use cases such as supply chain financing, cross-border transactions, and IoT payments, facilitating a broader adoption and connectivity within the financial ecosystem.