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Monetary Track

Wholesale CBDC & Programmable Cash

The Architecture of Trust

The Monetary Track explores the convergence of central bank money and distributed ledgers. Our objective is to define atomic settlement standards that ensure financial stability within a unified ledger ecosystem.

The Digital Money Triangle

Wholesale CBDC
Stability Anchor
Tokenized Deposits
Commercial Liquidity
Regulated Stablecoins
Payment Rail
Unified
Ledger

Settlement Models Comparison

Feature Trigger Model Legacy RTGS Link Native wCBDC
Speed Near-Realtime T+0 (Delayed) Instant (Atomic)
Complexity Medium Low High
Programmability Limited None Full (Smart Contracts)

Research Focus: Wholesale Cash

Our working groups study high-precision "Atomic DvP" (Delivery versus Payment) mechanisms where tokenized asset transfer and sovereign cash settlement occur simultaneously without counterparty risk.

Related tracks:
Regulatory track Infrastructure track