Capital Digital Bank, BRB Bank and Azimut, one of the leading independent asset managers, with a presence in 18 countries, joined forces and formed a consortium to bid for the Real Digital Platform (Piloto RD) pilot project, organized by Banco Center of Brazil.
According to the pilot project regulation, “The RD Pilot aims to validate the use of a Distributed Ledger Technology (DLT) solution on the Hyperledger Besu platform, where programmability with financial assets and the ability to comply with regulatory and regulatory requirements, primarily regarding the privacy of information of individuals and others involved in transactions on the Real Digital platform, as well as its technological viability.”
The Executive Management Committee (CEG) of Piloto RD, of the Central Bank, is responsible for coordinating the works. The preliminary list of selected participants will be published on the website of the Central Bank of Brazil, after analysis of the documentation or information showing that the requirements are met.
Consortium of companies wants to use smart contracts to simulate trading National Treasury assets
The consortium formed by the three companies proposes the development and execution of tests of tokenized government bonds, using Real Digital (CBDC) for the exchange, and the network indicated in the project guidelines.
In a note to live coinsthey reported that the goal is to simulate asset trading with smart contracts.
“Through smart contract technology, we will initially simulate the negotiation of said assets (TPFt and CBDC) between the institutions participating in the project and the national treasury.”
Capital recently participated in the Lift Challenge of the Central Bank, in partnership with TecBan. The duo proposed Intelligent Cabinets, the pilot of which tested Real Digital technology in combination with the Internet of Things (IoT).
According to Jeffrey Santos, CTO of Capital, they are now starting a new project in collaboration with other partners.
“We are now embarking on a new project, alongside BRB and Azimut, and we plan to develop a technology infrastructure capable of implementing the RD Pilot in tests for issuing, repaying and transferring financial assets, among other actions provided for in the regulation.”
President of Banco BRB believes that the Real digital pilot is important for the national financial system
For Giuseppe Perrucci, Country Manager at Azimut Brasil, the country is the country with the greatest growth potential and the pilot is an opportunity to prove it.
“Of the 18 countries where Azimut has a physical presence, we believe Brazil is one of the countries with the greatest growth potential. The Brazilian capital market is one of the most developed in the world and here we find fertile ground to develop our strategies, contribute to the financial system and prepare for the future. Tokenization is a reality and allows us to leverage the power of Distributed Ledger Technology (DLT) as we pursue efficiency and transparency in our operations. We are proud to partner with BRB and Capital, one of the most innovative and prepared digital banks in this field.”
The president of Banco BRB, Paulo Henrique Costa, sees the RD pilot project as another step in the evolution of the national financial system.
“BRB is proud to be a key player in this initiative. Currently we are a bank with a presence in 39 countries and on all 6 continents and we have positioned ourselves as an innovative and complete bank. The partnership with companies such as Capital and Azimut reinforces our commitment to expanding BRB’s presence in the digital world, participating in the construction of advanced banking technology solutions and transforming people’s lives as the whole of society will benefit from this initiative .”
It is worth remembering that the agenda of the Central Bank of Brazil foresees tests with the pilot until December 2023. In the year 2024, the project is expected to reach the final phase with launch at the partner banks.
Source: Live Coins

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