BIS-INNOVATION-HUB

BIS Innovation Hub central banks research.

Definition

BIS Innovation Hub Centres: (1) Singapore Hub Centre (first 2019, MAS Monetary Authority of Singapore partnership), (2) Hong Kong Hub Centre (HKMA Hong Kong Monetary Authority), (3) Switzerland Hub Centre (SNB Swiss National Bank), (4) Toronto Hub Centre (Bank of Canada), (5) London Hub Centre (Bank of England), (6) Frankfurt Eurosystem Hub Centre (ECB + several Eurosystem NCBs), (7) Stockholm Hub Centre (Sveriges Riksbank, Nordic Hub), (8) Mexico Hub Centre, (9) Toronto Hub Centre. Emblematic projects: Project Mariana (CBDC AMM Automated Market Maker BIS-Switzerland-France-Singapore 2023), Project Agora (multi-CBDC tokenisation 2024), Project mBridge (cross-border CBDC China-Hong Kong-Thailand-UAE), Project Polaris (offline CBDC), Project Aurum, Project Helvetia, Project Genesis 2.0 (green tokenisation). BIS HQ Basel ~3000 staff worldwide, ~60 central bank shareholders.

Origin

BIS Bank for International Settlements founded 1930 Basel Hague Conferences Young Plan ; BIS Innovation Hub created June 2019 by BIS Annual Report initiative ; Singapore Hub Centre first 2019 ; ~10 hub centres 2024.

Example in context

BIS Innovation Hub Project Mariana 2023: CBDC AMM (Automated Market Maker) pilot with Swiss National Bank SNB, Bank of France, Monetary Authority Singapore MAS, demonstrating cross-border foreign exchange CBDC swaps automated DeFi-style between 3 fictional Euro, CHF, SGD CBDCs.

Related terms

• BIS mBridge — key project.