#26: Modernizing Financial Markets with wCBDC – A Closer Look at the WEF Report

CBDC Broadcast

21 May

21st May 2024

With:

| Cameron Nili (Accenture, World Economic Forum)

| Sandra Waliczek (World Economic Forum)

In this session, Cameron Nili (Accenture/WEF) and Sandra Waliczek (World Economic Forum) join FNA to break down the findings of their landmark report. With 98% of global central banks now exploring CBDCs, the focus is shifting toward the "wholesale" (wCBDC) layer as the foundation for the next generation of financial market infrastructure.

Our guests explore how wCBDCs can coexist with—and ultimately enhance—legacy systems to reduce settlement risks and enable the tokenization of assets.

Key Discussion Points:

Conceptual Clarity: Defining the critical distinctions between wCBDCs, retail CBDCs, and privately issued tokenized money.
Modernization Use Cases: How wCBDCs address long-standing "pain points" in interbank payments and securities transactions.
The Interoperability Challenge: Strategies for ensuring wCBDCs can communicate across different platforms and jurisdictions.
Liquidity & Risk: Managing the transition to T+0 (atomic) settlement while mitigating new operational and accessibility risks.

Watch on Demand:

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