FX spot settlement in 10 seconds: NY Fed releases results of wholesale CBDC research
Project Cedar successfully used custom distributed ledger technology to settle hypothetical transactions quickly “from the perspective of the Federal Reserve.”
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Project Cedar successfully used custom distributed ledger technology to settle hypothetical transactions quickly “from the perspective of the Federal Reserve.”
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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