UST Delivers API Prototypes for Retail Central Bank Digital Currency (CBDC) experimentation for the Bank of International Settlement and Bank of England
LONDON and ALISO VIEJO, Calif., June 27, 2023 /PRNewswire/ -- UST, a leading digital transformation solutions company, has announced its role as an Innovation vendor for Project Rosalind, an experiment in application programming interface (API) prototypes for central bank digital currencies (CBDC) from the Bank for International Settlements (BIS) and the Bank of England (BOE) via the BIS Innovation Hub London Centre. Uniting leading innovators from their respective industries, Project Rosalind developed and tested prototypes for an application programming interface (API) specifically built to distribute retail CBDCs.
- Uniting leading innovators from their respective industries, Project Rosalind developed and tested prototypes for an application programming interface (API) specifically built to distribute retail CBDCs.
- UST collaborated with the BIS and BoE on the development of the API layer as well as the exploration of a range of use cases for the CBDC ecosystem.
- A prototype API layer was developed for the project, featuring thirty-three API endpoints grouped into six functional categories.
- UST played a pivotal role organizing the API development work, running innovation sessions as well as building a secure and functional API layer.