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#G20 aims to boost multilateral development banks' financing capacity in the 21st century!
#ProjectPromissa, a joint experiment by the
#BIS Innovation Hub Swiss Centre, Swiss National Bank, and
#WorldBank, is building a proof of concept platform for digital "tokenized" promissory notes.
The project will simplify management, provide a single source of truth, and enhance efficiency. With significant volumes of notes across international financial institutions, the project could revolutionize the way member nations and institutions manage these financial instruments. Testing is set to be completed by early 2025.
#MultilateralDevelopmentBanks
Bank of International Settlement is launching a project, Promissa, which will concentrate on tokenization of financial instruments such as promissory notes.
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