Crypto Finance Goes Live: A Glimpse into the Real-Time Global Ledger
A significant stride in financial modernization has been achieved: Swiss-regulated crypto bank Amina Bank, in collaboration with Deutsche Borse's Crypto Finance Group, successfully completed a real-time fiat payment pilot utilizing Google's Global Ledger technology. This groundbreaking initiative demonstrated the feasibility of instantaneous, 24/7 cross-border and multi-currency settlements, all while maintaining rigorous compliance standards.
This pilot validates the transformative power of Distributed Ledger Technology (DLT) when integrated into traditional banking infrastructures. It showcases a practical model for how DLT can modernize payment systems, including point-of-sale (POS) and complex international transfers. Throughout the process, all participating banks adhered strictly to existing regulatory frameworks.
Executives involved underscored that this project proves that technological innovation can harmoniously coexist with financial stability and regulatory certainty. Google Cloud noted that the underlying infrastructure is ready for integration into banks' core systems, promising near-real-time payment services for customers globally. With Crypto Finance Group overseeing transaction rules and compliance, the stage is set. The next phase will expand the pilot into consumer POS and broader cross-border payment scenarios, signalling a clear, positive future for compliant, instant digital finance. #anhbacong
