ISO-20022-CBDC

ISO 20022 CBDC extensions standard messages.

Definition

ISO 20022 CBDC workstream: (1) Existing ISO 20022 messages adapted: pain.001 (customer credit transfer) extended for user CBDC instruction, pacs.008 (FI to FI customer credit transfer) for commercial bank CBDC settlement, pacs.009 (FI to FI customer direct debit) for CBDC redemption. (2) New CBDC-specific messages discussed at ISO 20022 RMG: caep.CBDC.Issue (Central Bank Issuance), caep.CBDC.Distr (Distribution), caep.CBDC.Set (Settlement Cross-border), caep.CBDC.Redemption. ISO TC68/SC9/WG2 Working Group + ECB + BIS + CPMI joint contributions. Roadmap: public discussions 2024-2025, standard candidates 2025-2026, ISO 20022 stable adoption 2027+. SWIFT MyStandards repository integration for publishing CBDC profiles per central bank (ECB Eurosystem, Bank of England, Federal Reserve specific profiles emerge). Reference framework also FX4Cash, ISO 24165 DTI Digital Token Identifier integration for CBDC token identification.

Origin

ISO 20022 CBDC discussions early 2021 ; RMG (Registration Management Group) workstream officialised 2022 ; first message candidates 2024 ; expected stable 2027+.

Example in context

ECB Digital Euro Preparation Phase 2024-2025 uses adapted pain.001 ISO 20022 for user CBDC instruction Digital Euro mobile wallet, integration with ECB CBDC infrastructure DLT prototype + SWIFT GPI compatibility cross-border.

Related terms

• ISO 24165 DTI — digital token identifier complement.