Banque de France (BdF), MAS and JP Morgan ONYX worked together on the design of multi-currency corridors using CBDCs, DLT and Smart Contracts technology.

They propose an architecture to facilitate PvP (“payment versus payment”) for FX transactions, in an inter-operable clouds infrastructure (public + private) working as a network. The solution design offers a common mCBDC network that enabled MAS and
BdF to have visibility on cross-border payments.


The paper is available on the BdF website at: