INX and SICPA Team Up for CBDC

SICPA and the INX Digital Company – the US-regulated broker-dealer, ATS, and transfer agent which offers the first-ever SEC-regulated digital asset trading platform for both cryptocurrencies and security tokens – have launched a new joint venture, Nabatech, to aid government and central bank construct sovereign digital asset ecosystems.

According to both companies, the Swiss-incorporated joint venture uniquely combines Decentralized Ledger Technology (DLT) infrastructure and digital identity technologies to fulfill critical CBDC requirements – from security and privacy to resilience and financial inclusion.

‘This initiative is set to propel the establishment and launch of a secure and scalable framework for central banks to execute digital strategies’, they said in a joint press release, adding that, with over 80% of the world’s central banks contemplating the introduction of CBDCs, the urgency to deliver a concrete strategy to tap into the immense potential of digital currencies is palpable.