Participants
5
Programs tagged to mBridge
Cross-Border Project
mBridge
mBridge is a multi-jurisdiction CBDC initiative focused on cross-border payments and settlement workflows.
Status
Active
Based on listed project tags
Type
Multi-CBDC
Cross-border platform model
Focus
Settlement
Payment corridor experimentation
Participant Programs
China e-CNY (Digital Yuan)
People's Bank of China
leader · Asia-Pacific
Hong Kong e-HKD (Digital Hong Kong Dollar)
Hong Kong Monetary Authority
participant · Asia-Pacific
Thailand Digital Thai Baht
Bank of Thailand
participant · Asia-Pacific
UAE Digital Dirham (e-AED)
Central Bank of the UAE
participant · Middle East
Saudi Arabia Digital Riyal
Saudi Central Bank (SAMA)
participant · Middle East
Technical Orientation
Shared Infrastructure
The project focuses on a shared platform for participating jurisdictions while preserving central bank governance boundaries.
Cross-Border Settlement
Reported objectives include faster settlement and reduced intermediary complexity for cross-border flows.
Compliance Interoperability
Participating jurisdictions maintain their own policy controls while exploring interoperable transaction rails.
Pilot-Driven Design
Development milestones are reflected through phased pilot reporting and implementation updates.
Timeline Snapshot
| Period | Reported Development |
|---|---|
| 2021 | Initial project workstream established |
| 2022 | Expanded pilot collaboration among participating authorities |
| 2024 | Saudi Arabia added as participant in public reporting |
| 2025-2026 | MVP-stage implementation and further testing references |
Frequently Asked Questions
What is the mBridge project?
mBridge is a multi-jurisdiction CBDC initiative led by the BIS Innovation Hub, focused on developing a shared platform for cross-border payments and settlement using wholesale central bank digital currencies.
Which countries participate in mBridge?
According to official sources, mBridge includes 5 participating jurisdictions: CN, HK, TH, AE, SA. China serves as the project leader, with other central banks participating in the pilot.
What is the goal of mBridge?
According to the BIS Innovation Hub, mBridge aims to enable faster, cheaper, and more transparent cross-border payments while maintaining central bank governance boundaries and compliance controls for each jurisdiction.
When did mBridge start?
The mBridge project workstream was established in 2021, with expanded pilot collaboration beginning in 2022 and ongoing development through 2025-2026.
Is mBridge using blockchain technology?
According to project documentation, mBridge utilizes distributed ledger technology (DLT) as its technical foundation, enabling shared infrastructure while preserving each central bank's governance boundaries.
Related Pages
Sources
Sources
Last verified: 2026-02-10
BIS Innovation Hub: Project mBridge report
research
HKMA mBridge release
central bank