Banco Inter and Chainlink for Real-Time CBDC Trading

Banco Inter and Chainlink Completed CBDC Trade in Real Time

Banco Inter and Chainlink have completed an international trade transaction in real time using digital currencies and smart contracts through a blockchain-based pilot project conducted in collaboration with the central banks of Brazil and Hong Kong.

This pilot project is part of Brazil's Drex digital currency initiative, in which the Chainlink infrastructure was used to connect Brazil's Drex network with Hong Kong's Ensemble platform.

The aim of the project is to create a more inclusive trade financing ecosystem by reducing costs and increasing coordination between platforms. Additionally, there are plans to expand the tests and connect with more financial institutions.