An Interbank Framework, within the digital asset discourse, refers to a structured system or set of protocols that enables financial institutions to exchange digital currencies or assets directly with one another. This framework aims to modernize traditional interbank settlement processes, potentially reducing transaction times and costs while increasing transparency. It facilitates wholesale digital asset transactions between banks, often leveraging distributed ledger technology. Such a system could revolutionize global financial infrastructure.
Context
Central banks and commercial banks globally are actively researching and developing interbank frameworks for digital currencies, including wholesale central bank digital currencies (wCBDCs). Discussions center on the potential for real-time gross settlement, enhanced security, and the mitigation of counterparty risk. The evolution of these frameworks is a critical area for observing the integration of blockchain technology into established financial systems and its potential to reshape global payments.
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