HSBC and IBM Test Multi-Ledger CBDC, Bond and FX Settlement Capability

HSBC and IBM have successfully tested an advanced token and digital wallet settlement capability encompassing direct transactions between two central bank digital currencies (CBDC) in a hybrid cloud environment. According to a story in The Trade news, the experiment, designed and implemented within a four-month period, was successfully executed across ledgers in support of such a complex multi-asset transactional scenario. Several previous initiatives have individually demonstrated support for CDBCs, securities and/or foreign exchange. The experiment successfully tested an end-to-end transactional lifecycle covering CBDCs, eBonds, and foreign exchange. It was conducted in a hybrid cloud environment incorporating public and private clouds and on-premises data sources. Distributed ledgers based on IBM’s Hyperledger Fabric and R3’s Corda were integrated using IBM Research’s Weaver interoperability tool.