Quant's CBDC infrastructure now available for enterprise use

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Quant's CBDC infrastructure now available for enterprise use
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Quant has released the Overledger Platform, an enterprise-grade technology that underpins the Bank of England's CBDC pilot.

With the new technology, Quant is addressing blockchain interoperability challenges between central bank and institutional ledgers.

"It will allow for ledger interoperability and a unique and secure way to bridge assets between public or private blockchains," company CEO Gilbert Verdian told The Block."Today’s news that Quant is offering a native SaaS version comes as no surprise, it is a timely release and will be welcomed by the market," global head of blockchain at UST Daniel Field told The Block.

With the increased interest from institutions in the areas of tokenized money and assets, Field added that the technology is well positioned to meet"a rapidly approaching tipping point where this switches from a marathon to a sprint." © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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