Skip to content
In the experiment, dubbed Project Samara, a group of investors used a blockchain to trade a $100-million bond issued by Export Development Canada. The bond settled in “W-CAD,” a central bank digital currency (CBDC) issued by the Bank of Canada. (The Logic)
Talking point: Canadian banks are increasingly experimenting with crypto as the technology gets increasingly embedded in the traditional financial system. The Bank of Canada is a leader in blockchain experimentation, conducting deep research into the possible future issuance of a CBDC. Project Samara builds on the central bank’s experiment called Project Jasper, which tested the use of blockchain for settling payments between banks a decade ago. A January C.D. Howe Institute paper argued a CBDC could give Canada an advantage by making it easy to move money into and out of stablecoins—crypto tokens pegged to the value of a state-issued currency—and tokenized deposits without involving a bank.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Commentary
Carmichael: If an AI jobs apocalypse is coming, we’re not seeing it in the data
Briefing
Anthropic says world needs option to slow AI development, as models learn to self-improve
Ottawa taps the brakes on efforts to speed up project permitting
Kevin O’Leary scales back Wonder Valley Utah plans after objections from a key state legislator
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
