Project mBridge project
Overview
Project mBridge is a multi-CBDC platform for wholesale cross-border payments, developed from the earlier Inthanon-LionRock work by the BIS Innovation Hub together with the central banks of China, Hong Kong, Thailand and the UAE; the Saudi Central Bank joined as a full participant in 2024. It runs on a purpose-built distributed ledger, the mBridge Ledger, designed by the participating central banks for multi-currency payment-versus-payment settlement, and reached minimum viable product stage. Reported results included settling cross-border transfers and FX in seconds rather than days with materially lower costs. The BIS announced in late 2024 that it was exiting the project and handing management to the participating central banks.
Within the DeFi Intel graph, Project mBridge connects to 16 tracked entities, most strongly to BIS Innovation Hub, People's Bank of China, Hong Kong Monetary Authority.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 16 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | BIS Innovation Hub | 99% |
partnered_with | People's Bank of China | 99% |
partnered_with | Hong Kong Monetary Authority | 99% |
partnered_with | Bank of Thailand | 99% |
partnered_with | Central Bank of the UAE | 99% |
built_on | mBridge Ledger | 99% |
leads | Bank for International Settlements | 95% |
participates_in | HKMA | 95% |
participates_in | People's Bank of China | 95% |
deployed_on | China e-CNY | 95% |
Frequently asked questions
What is Project mBridge?
Project mBridge is an other tracked in the DeFi Intel knowledge graph. It is connected to 16 other tracked entities, most strongly to BIS Innovation Hub, People's Bank of China, Hong Kong Monetary Authority.
What type of entity is Project mBridge?
Project mBridge is classified as an other (project) in the DeFi Intel knowledge graph.
What is Project mBridge connected to?
In the DeFi Intel knowledge graph, Project mBridge is linked to 16 other tracked entities, most strongly to BIS Innovation Hub, People's Bank of China, Hong Kong Monetary Authority.
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