DTCC: Shares findings on digital dollar settlement project
- DTCC is the premier post-trade market infrastructure for the global financial services industry
- The Digital Dollar Project was created to encourage research and public discussion on the potential advantages
- The paper outlines key findings from the pilot (formerly known as Project Lithium)
- The pilot included participation from leading market participant firms including Bank of America, Citi, Nomura
- As a potential digital alternative to cash, a U.S. CBDC should be carefully explored in consultation with key stakeholders across the public
- The pilot also assessed network governance, creating mechanisms for a network administrator to resolve transactional issues
