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Banco Inter, Chainlink Power Real-Time CBDC Trade Settlement Between Brazil and Hong Kong

Brazilian financial giant Banco Inter and Chainlink have completed a blockchain-based pilot that enabled the central banks of Brazil and Hong Kong to settle a cross-border trade transaction in real time using digital currencies and smart contracts. The test was part of Phase 2 of the Central Bank of Brazil’s Drex digital currency initiative, which aims to create a digital version of Brazil's real. It linked Brazil’s Drex network with Hong Kong’s Ensemble platform, overseen by the Hong Kong Monetary Author ...