CBDC Tracker
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DREX (Phase 2)

Proof of concept

Brazil

Central Bank(s)

Central Bank of Brazil

Announcement Year

2017

Status

Proof of concept

Retail/Wholesale

Retail

Structure

Token

Technology Provider

Bradesco Nubank Banco Inter, Microsoft e 7Comm Santander, Santander Asset Management, F1RST e Toro CTVM Itaú Unibanco Basa, TecBan, Pinbank, Dinamo, Cresol, Banco Arbi, Ntokens, Clear Sale, Foxbit, CPqD, AWS e Parfin SFCoop: Ailos, Cresol, Sicoob, Sicredi e Unicred XP, Visa Banco BV Banco BTG Banco ABC, Hamsa, LoopiPay Banco B3, B3 e B3 Digitas ABBC: bancos Brasileiro de Crédito, Ribeirão Preto, Original, ABC, BS2 e Seguro; ABBC, BBChain, Microsoft e BIP Banco do Brasil

DLT / non-DLT

DLT

Main motivation/goals of the CBDC

The central bank explores a CBDC to analyze potential benefits for financial inclusion, stability, and the conduct of monetary and economic policies.

Description

The Central Bank of Brazil (BCB) plans to start a pilot program of a digital currency next year.

Link to announcement

Link to whitepaper

Timeline

Last update: May 2024

May 2024

Updated data

Link to announcement: normativos.bcb.gov.br

August 2023

Updated data

Link to announcement: www.bcb.gov.br

Updated data

Link to announcement: www.ledgerinsights.com

May 2023

Updated data

Technology Provider: Aave, Banco Santander Brasil, Febraban. Giesecke + Devrient. Itaú Unibanco, Bitcoin Market, Tecban, VERT, Visa do Brasil Bradesco Nubank Banco Inter, Microsoft e 7Comm Santander, Santander Asset Management, F1RST e Toro CTVM Itaú Unibanco Basa, TecBan, Pinbank, Dinamo, Cresol, Banco Arbi, Ntokens, Clear Sale, Foxbit, CPqD, AWS e Parfin SFCoop: Ailos, Cresol, Sicoob, Sicredi e Unicred XP, Visa Banco BV Banco BTG Banco ABC, Hamsa, LoopiPay Banco B3, B3 e B3 Digitas ABBC: bancos Brasileiro de Crédito, Ribeirão Preto, Original, ABC, BS2 e Seguro; ABBC, BBChain, Microsoft e BIP Banco do Brasil

Link to announcement: www.bcb.gov.br

Updated data

Link to announcement: www.bcb.gov.br

March 2023

Updated data

Technology Provider: Aave, Banco Santander Brasil, Febraban. Giesecke + Devrient. Itaú Unibanco, Bitcoin Market, Tecban, VERT, Visa do Brasil, Aave, Banco Santander Brasil, Febraban. Giesecke + Devrient. Itaú Unibanco, Bitcoin Market, Tecban, VERT, Visa do Brasil

Link to announcement: www.bcb.gov.br

February 2023

Updated data

Link to announcement: www.reuters.com

Updated data

Link to announcement: einvestidor.estadao.com.br

December 2022

Updated data

Link to announcement: www.coindesk.com

September 2022

Updated data

Link to announcement: www.bcb.gov.brliftlab.com.br

June 2022

Updated data

Link to announcement: www.zdnet.com

March 2022

Status updated

Research Proof of concept

Added data

Announcement Year: 2017

DLT / non-DLT: DLT

Link to whitepaper: www.bcb.gov.br

Updated data

Technology Provider: R3 Corda Aave, Banco Santander Brasil, Febraban. Giesecke + Devrient. Itaú Unibanco, Bitcoin Market, Tecban, VERT, Visa do Brasil,

Link to announcement: www.bcb.gov.br

Updated data

Link to announcement: www.bcb.gov.br

November 2021

Added data

Description: The Central Bank of Brazil (BCB) plans to start a pilot program of a digital currency next year.

Updated data

May 2021

Status updated

None Research

Added data

Retail/Wholesale: Retail

Structure: Token

Technology Provider: R3 Corda

Main motivation/goals of the CBDC: The central bank explores a CBDC to analyze potential benefits for financial inclusion, stability, and the conduct of monetary and economic policies.

Link to announcement: www.r3.comcointelegraph.comwww.bcb.gov.br

Country / Region: Brazil

Central Bank(s): Central Bank of Brazil

News

No recent news found for this currency.