Project Leonidas update: Italian banks complete wholesale CBDC trial
The Italian Banking Association (ABI) has successfully completed a trial for the issuance of a central bank digital currency (CBDC) in a distributed ledger technology (DLT) environment. Dubbed Project Leonidas, it focused on interbank settlements, with atomicity, traceability and transparency cited as the major benefits. The ABI recently published a report on Project Leonidas, revealing…