Apr 30
FIS and Leading Financial Institutions to Build Their Own Digital Tokenized Money Network
Built on regulated deposits, the bank-administered network aims to cut partial settlement failures and reconciliation work in interbank transfers.
➤ FIS and six U.S. banks are launching Project Keystone, a bank-owned network for digital money built on regulated deposits. ➤ The initiative aims to improve interbank transfers by enabling complete settlement and reducing reconciliation work. ➤ Participating banks will have direct control over the issuance, transfer, and settlement of digital money on shared infrastructure.