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RBA reports back on CBDC/DLT loan syndication project
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finextra.comThe Australian central bank says the POC demonstrated that the digitisation of syndicated loans on a DLT platform could provide efficiency gains and reduce operational risk by replacing highly manual and paper-based processes. Integrating a wholesale CBDC on the same DLT platform enabled ‘atomic’ delivery-versus-payment settlement of the drawdown, novation and repayment of the tokenised syndicated loan, says the Rserve Bank.
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