digital real – DIGIT INFO

Brazil tests DeFi elements, compatibility in Drex CBDC pilot

DIGIT — Fri, 04 Oct 2024 09:44:56 +0000

Brazil’s central bank is developing a synthetic central bank digital currency, which aims to blend decentralization, privacy and programmability.

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Brazil’s CBDC pilot contains code that can freeze or reduce funds, dev claims

DIGIT — Tue, 11 Jul 2023 02:48:34 +0000

Pedro Magalhães, a blockchain developer who claims to have reverse-engineered Brazil’s pilot CBDC has found code that would allow accounts to be frozen or drained at will.

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Digital Real Pilot to Run on Ethereum-Compatible, Permissioned Blockchain

DIGIT — Thu, 09 Mar 2023 23:30:46 +0000

According to the Central Bank of Brazil, the digital real pilot project will use an Ethereum-compatible, permissioned blockchain for the issuance of the tokenized version of the country’s currency. Hyperledger Besu, the open-source platform elected for the tests, will allow the project to run without any licensing costs and to deal with maintenance costs later, […]

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Brazilian Digital Real Passes Public Blockchain Pilot Test With Flying Colors

DIGIT — Mon, 27 Feb 2023 12:30:53 +0000

A tokenized version of the digital real, the Brazilian central bank digital currency (CBDC), has passed a public blockchain pilot test successfully. The test, which was carried out by Mercado Bitcoin, a local exchange, using the Stellar network, shows that the digital real token can be used in public blockchains following all compliance rules set […]

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Central Bank of Brazil President States Digital Real Pilot Is Imminent

DIGIT — Fri, 17 Feb 2023 07:19:59 +0000

The president of the Central Bank of Brazil, Roberto Campos Neto, has clarified the status of the development of the Brazilian central bank digital currency (CBDC), the digital real. Campos Neto stated that the pilot test will start now and that banks will have to digitize more of their balances in the future. Pilot Tests […]

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Central Bank of Brazil to Test Security and Transaction Privacy Levels of the Digital Real

DIGIT — Fri, 10 Feb 2023 07:30:46 +0000

The Central Bank of Brazil will focus its first digital real tests on determining the levels of privacy and security that can be achieved with the proposed central bank digital currency (CBDC) infrastructure. The tests will be conducted later this year and will set up a simplified operation to transact with a still-to-be-determined tokenized asset. […]

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Brazil Could Launch Its Defi-Integrated Digital Real in 2024

DIGIT — Sat, 17 Dec 2022 04:30:16 +0000

Roberto Campos Neto, president of the Central Bank of Brazil, has stated that the digital real project, the Brazilian central bank digital currency (CBDC) could be launched in 2024. Campos Neto also remarked on the benefits the digital currency system might bring as it is integrated with traditional finance structures and decentralized finance (defi) institutions. […]

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President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality

DIGIT — Tue, 29 Nov 2022 12:30:16 +0000

Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open finance,” showing a “super app” that featured PIX (a payments network) functionality, and also integration […]

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Santander Proposes Project to Tokenize and Trade Properties With the Brazilian CBDC

DIGIT — Mon, 24 Oct 2022 03:30:57 +0000

Santander, the Spain-based bank, has presented a project to use tokenization in tandem with the digital real, the proposed Brazilian cryptocurrency, in order to facilitate property transactions. The proposal, part of the LIFT challenge, would be focused on simplifying the sale of real estate properties and cars for the Brazilian population. Santander Proposes Tokenization Platform […]

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Itau Unibanco Selected by Central Bank of Brazil to Build Real-Pegged Stablecoin Solution

DIGIT — Mon, 29 Aug 2022 18:00:05 +0000

Itau Unibanco, one of the biggest bank conglomerates in Brazil, has been selected by the country’s central bank to develop a system with a stablecoin pegged to the value of the Brazilian real. Itau’s system was one of the eight proposals selected by the Central Bank of Brazil as part of LIFT Lab, an annual […]

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