DLT-Based Central Bank Digital Currency Wholesale Countries

Abstract

This chapter aims to analyze the use of distributed ledger technology (DTL) for interbank payments by investigating the research that central banks are doing to propose DLT-based wholesale central bank digital currency (W-CDBC). The findings reveal that countries are researching W-CBDC using mostly experiment research methods publishing their research through study papers, experiment papers, and projects. The DLT-based W-CBDC is being tested by countries to implement use cases such as the decentralized real time gross settlement system, the tokenized syndicated loan, the tokenization of bonds, the tokenization of assets, the securities settlement, the delivery versus payment, and the implementation of liquidity-saving mechanism. Central bank research is commonly focused on the technological dimension of W-CBDC implementation. This chapter contributes to a better understanding of the trends in implementing W-CBDC and gives researchers, central banks, and IT developers more knowledge to further the research in their countries.