December 5 2022
New working paper on Commercial Bank Money Token
The German Banking Industry Committee (GBIC) have detailed several aspects regarding a Commercial Bank Money Token (CBMT) in a new working paper. It acts as a follow-up to the CBMT concept laid down in the whitepaper “Europe needs new money”, published by GBIC in July 2021. This new working paper represents our contribution to the current discussions on tokenized money and should support further exploration of the potential of a CBMT. We invite any interested parties to further contribute to the subject and to reach out to GBIC and the working group to discuss aspects of interest.