Policy
Hedera Participates in Bank of England & BIS DLT Innovation Challenge to Shape the Future of Payments
The initiative will explore how central bank money can be settled on external ledgers, signaling growing interest from traditional institutions in public DLTs.
October 24, 2025
Companies mentioned:
Hedera joins the Bank of England and BIS DLT Innovation Challenge.
The initiative explores transacting central bank money on external DLTs.
The project will inform the future of wholesale payment systems and digital finance.
Hedera is participating in the Bank of England and Bank for International Settlements (BIS) DLT Innovation Challenge. The project is exploring how central bank money can be transacted on external programmable ledgers, a key area of research for the future of digital finance. This initiative invites firms to demonstrate secure settlement of central bank money on ledgers not controlled by the Bank of England, a crucial step in understanding the real-world application of DLT in wholesale payment systems.
The challenge signals a growing collaboration between traditional financial institutions and public ledger technologies. By engaging with firms like Hedera, the Bank of England and BIS aim to gain insights into the role of DLT in the future financial landscape. The project will culminate in a showcase of findings in October 2025, highlighting the potential for DLT to transform wholesale payment infrastructures.
Read More:
https://www.bankofengland.co.uk/research/fintech/dlt-innovation-challenge
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