Menu fechado

Consortia Drive Financial Innovation with DREX

Consortia Drive Financial Innovation with DREX

The consortia established by the Central Bank of Brazil play a strategic role in the implementation and development of DREX, the Brazilian digital currency. Comprising financial institutions, fintechs, and technology companies, this alliance aims to create innovative solutions for integrating DREX into the national financial system, making it more secure, agile, and inclusive.

The diversity of members within the consortia allows the Central Bank to benefit from varied perspectives, resulting in products and services that meet the needs of different sectors of society. This collaborative environment accelerates development and fosters continuous innovation.

Currently, the Central Bank has selected several innovative projects, including three cases developed by the consortium of Banco Inter, Microsoft, and 7COMm, which are being tested in phase 2 of the DREX Pilot. The projects include: the “Automated Market Maker (AMM),” “Agricultural Commodities Trade Finance,” and “Receivables Assignment.”

Receivables Assignment: Innovation and Liquidity

One highlight is the Receivables Assignment project, which leverages blockchain technology to transform card receivables into digital tokens. This allows merchants to transfer these tokens to suppliers, increasing liquidity without solely relying on receivables advances. This system brings greater financial flexibility and new market opportunities, creating a more inclusive and efficient ecosystem.

These innovations aim to revolutionize the national financial market, making transactions faster and more secure while promoting inclusion. The collaboration between the Central Bank and the consortia is essential for ensuring the trust and efficiency of the new digital financial system.

– Mauricio Gonçalves Augusta, Head of Professional Services and Blockchain at 7COMm

Post relacionado