Stella
ResearchJapan
Central Bank(s)
Bank of Japan
Announcement Year
2016
Status
Research
Retail/Wholesale
Others
Structure
Token
Technology Provider
R3 Corda
DLT / non-DLT
DLT
It explores the opportunity for DLT to improve financial market infrastructure to support payment and securities settlement.
Project Stella is a joint research project conducted by the European Central Bank and Bank of Japan to explore the opportunity for DLT to support financial market infrastructure, payments, and securities settlement. - Split over 4 Phases, phase 1 used distributed ledger technology (DLT) to process large-scale payments; phase 2, tested securities settlement in a DLT setting; phase 3, applied DLT-related technologies to improve cross-border payment efficiency; and phase 4 focused on the confidentiality and auditability of settlement assets, such as CBDC, in a DLT environment.
Link to announcement
Last update: December 2016
December 2016
None → Research
Announcement Year: 2016
Retail/Wholesale: Others
Structure: Token
Technology Provider: R3 Corda
Description: Project Stella is a joint research project conducted by the European Central Bank and Bank of Japan to explore the opportunity for DLT to support financial market infrastructure, payments, and securities settlement. - Split over 4 Phases, phase 1 used distributed ledger technology (DLT) to process large-scale payments; phase 2, tested securities settlement in a DLT setting; phase 3, applied DLT-related technologies to improve cross-border payment efficiency; and phase 4 focused on the confidentiality and auditability of settlement assets, such as CBDC, in a DLT environment.
DLT / non-DLT: DLT
Main motivation/goals of the CBDC: It explores the opportunity for DLT to improve financial market infrastructure to support payment and securities settlement.
Link to announcement: www.boj.or.jpwww.boj.or.jpwww.tbstat.com
Country / Region: Japan
Central Bank(s): Bank of Japan