FNA’s Dr Carlos León (Director of FMIs and Digital Currencies Solutions) recently contributed to The World Economic Forum’s Insight Report, ‘Modernizing Financial Markets with Wholesale Central Bank Digital Currency (wCBDC). 

 

This newly published report examines what the future of digital payments may look like and explores the unique value wCBDCs could bring to financial markets, as well as the areas where challenges remain. 

 

Carlos León’s contribution focuses on one of these areas: the increased liquidity demands and risks associated with instant and atomic settlement. The corresponding section (on pages 42 to 44) highlights the need to consider liquidity management strategies and the importance of liquidity-saving mechanisms in mitigating settlement risk before considering whether wCBDC and other examples of financial market infrastructure innovation could help solve some of these long-standing challenges. 

 

Overall, the report finds that we will likely experience a digital payments future that includes wCBDCs used alongside digital currency like reserves-backed digital currencies, fiat-backed stablecoins and deposit tokens. 

 

You can read the report here.

Alternatively, and find the referenced FNA’s solutions here (Molecular Settlement) and here (Liquidity Savings as an Overlay Service).    

 

 

 

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