Definition ∞ Institutional digital cash is a form of digital currency specifically designed for use by financial institutions for interbank settlements and wholesale transactions. This type of digital asset aims to improve the efficiency and security of large-value payments, often operating on distributed ledger technology. It represents a digital equivalent of central bank reserves for institutional use.
Context ∞ News regarding institutional digital cash often relates to central bank digital currency (CBDC) initiatives or wholesale payment system modernizations. These developments are significant for understanding the future structure of global finance and the integration of blockchain technology into traditional banking.
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