About - CBDC Standards

About CBDC Standards

Our Mission

CBDC Standards is a dedicated initiative under the Central Banking Standards Organization (CBSO), focused on advancing Central Banking 4.0 and Central Bank Digital Currency (CBDC) development worldwide. Recognizing the growing interest in regulated stablecoins, we aim to integrate them into the evolving financial system responsibly, mitigating potential systemic risks. Our mission is to establish and uphold resilient, interoperable standards that empower central banks and financial institutions to seamlessly integrate CBDCs and stablecoins into the digital economy and the global financial system, fostering trust, innovation, and stability for a better world.

Our organization is committed to rigorous research, documentation, and defining emerging Central Banking 4.0 standards to create a robust foundation for sustainable CBDC frameworks.

Our mission is guided by six core pillars:

Guardians of Unified Central Banking, CBDC, and Stablecoin Standards

We maintain a universal set of standards for Central Banking, CBDCs, and stablecoins, supported by vetted open-source technologies and accredited service providers. These standards ensure coexistence, interoperability, and excellence in digital currency adoption.

Guardians of Common Trust and Confidence

We are committed to building trust and security into CBDC and stablecoin infrastructures by promoting transparent, open standards that reinforce national digital currency systems and inspire public confidence.

Guardians of Financial Stability and Economic Growth

Our work in setting CBDC and stablecoin standards not only drives financial innovation but also supports economic stability, contributing positively to global financial growth and responsible digital currency integration.

Guardians of Financial Inclusion

We advocate for user-centric CBDC and stablecoin designs that promote equitable access, ensuring that digital financial services are available to all, irrespective of geography or socioeconomic status, leaving no one behind in the digital economy.

Trusted Advisors for Central Banks and Institutions

We provide expert guidance to central banks and financial institutions as they navigate CBDC and stablecoin implementation, offering clear guidelines to turn potential into practice, aligned with national and global financial priorities.

Facilitators of International Cooperation

Through global knowledge-sharing and collaboration, we promote responsible CBDC and stablecoin adoption, enabling countries to benefit from collective insights and maintaining consistency across borders.

The CBDC Standards Organisation aims to shape the future of digital currencies by enabling nations to fully harness the transformative potential of Central Banking 4.0 and CBDCs. Together, we safeguard the integrity of both national and global financial systems, ensuring that this new era of central banking benefits everyone.

Our Vision for Central Banking 4.0

Imagine a world where financial systems are seamlessly interconnected, where innovation leads the charge, and where everyone has equal access to secure and trusted digital finance.

At CBDC Standards, our vision is clear:

Champion Co-Existence

Central Banking 4.0, CBDCs, and stablecoins cannot be effectively integrated as an afterthought layered on top of decades-old central bank systems. We need a fresh start—a clean slate to build Central Banking 4.0, free from legacy constraints. During this transformation, we will provide an effective co-existence strategy, complete with clear milestones and policies, to ensure a smooth transition.

Champion Temporary Interoperability to Enable Transition

We recognize the complexity and challenges of transitioning from legacy banking systems to the new era of digital finance: Central Banking 4.0. Our approach ensures a safe and effective transformation by facilitating temporary coexistence during this transitional period.

Our ultimate goal is to safely create a cohesive, thriving new digital global financial landscape, guiding this transformation without outdated thinking.

Establish Best Practices

By defining and promoting gold-standard practices for Central Banking, CBDC, and stablecoin design, implementation, and integration, we aim to set the benchmark for excellence in the industry.

Facilitate Global Collaboration

We serve as the driving force for international cooperation, bringing together central banks, regulatory bodies, and financial institutions to share knowledge and spark innovation for the new financial system that will drive the digital economy.

Ensure Security and Resilience

In a world where digital threats are ever-evolving, we are building a fortress of resilience—developing standards that protect Central Banking, CBDC, and stablecoin infrastructures against internal, external, and cyber threats, fostering a secure financial environment.

Address Regulatory Challenges

We provide frameworks and guidance to central banks and financial institutions to navigate the evolving regulatory landscape, ensuring compliance while promoting innovation.

Organization Objectives

Our goal is to establish standards for Central Banking and CBDC infrastructure 4.0. We achieve this not only by defining these standards, but also by proactively developing an incubator or prototype for CB4.0 and CBDC 4.0, which is accessible to all corporate and central bank members. Our objectives encompass:

Central Banking 4.0 Incubator

Production-Ready Infrastructure Development:

Develop a comprehensive Central Bank 4.0 prototype to create a production-ready infrastructure that supports the next generation of central banking capabilities.

Security and Resilience

Systems Security and Cyber Resilience:

Develop industry-leading standards to secure CB4.0 and CBDC infrastructures ensuring resilience against current and future cyber threats, including those in a post-quantum world.

Data Protection and Privacy

Data Protection:

Implement robust privacy frameworks to safeguard user and operational data, establishing global data protection standards and ensuring compliance with current regulations.

User Privacy:

Foster measures that ensure individual user data is protected, building public trust and adhering to international privacy standards.

Transaction Standards

Domestic and Cross-border Transactions:

Develop secure, efficient, and standardized protocols for both domestic and cross-border CBDC transactions, enhancing financial collaboration and international trade.

User Interface and Communication

User Interface and Experience:

Establish guidelines for intuitive, accessible, and inclusive user interfaces, ensuring CBDC platforms are accessible to everyone, regardless of technical background.

Transparency and Open Communication:

Foster clear, effective communication standards to educate end-users about CBDCs and the role of central banks, building awareness, trust, and transparency to facilitate rapid adoption.

Integration and Reporting

Reporting Regime:

Develop an infrastructure to integrate Financial Service Providers (FSPs) into the Central Banking 4.0 reporting system via real-time data streaming, enhancing efficiency and compliance.

Architecture Design and Standards

Central Bank 4.0 Architecture:

Design and document the architecture for Central Bank 4.0, Release 1, ensuring it aligns with industry standards and facilitates seamless implementation across various financial institutions.

Technical Specifications:

Establish comprehensive standards for Central Banking 4.0, including blockchain and DLT protocols, ensuring seamless interoperability across CB4.0 and CBDC systems and protocols.

Open Central Banking Standards:

Ensure a secure but open central banking technology infrastructure that is free from vendor lock-in and opaque technologies, encouraging transparency and innovation.

Ecosystem and Collaboration

Technology Provider Engagement:

Encourage technology providers to contribute to the Central Banking 4.0 journey, shifting from isolated systems to a cohesive financial infrastructure at the core of the digital economy.

Public-Private Collaboration:

Foster partnerships between central banks, commercial banks, technology providers, and regulatory bodies to build a robust and dynamic digital finance ecosystem.

Open Innovation and Sponsorship:

Attract sponsors and innovators to contribute to the development and evolution of Central Banking 4.0. Provide opportunities for financial institutions, technology companies, and thought leaders to participate in research initiatives, pilot programs, and advisory roles.

periodic communication

CBDC Standards Report – Coming Soon

2025-02-18

Making lives easier, safer and better.