数字人民币“下一站”！多家银行落地应用多边央行数字货币桥

Core Insights - The mBridge project, aimed at facilitating cross-border payments using central bank digital currencies (CBDCs), has successfully entered the Minimum Viable Product (MVP) phase, with recent applications demonstrating its effectiveness in real-world transactions [1][3] Group 1: Project Overview - The mBridge project is a collaborative initiative involving the People's Bank of China, the Hong Kong Monetary Authority, the Bank of Thailand, and the Central Bank of the UAE, supported by the Bank for International Settlements (BIS) [3] - The project aims to create a high-efficiency, low-cost, and scalable cross-border payment solution centered around CBDCs, utilizing blockchain/distributed ledger technology (DLT) [3] - The project traces its origins back to 2021, with successful pilot transactions involving four different CBDCs completed in 2022, leading to the current MVP phase announced in June 2024 [3] Group 2: Recent Developments - Recently, the Wenzhou branch of Industrial Bank successfully executed the first cross-border RMB payment transaction via mBridge, marking the largest mBridge transaction in Zhejiang Province to date [1][4] - The project has seen increased participation from banks, with notable transactions including a cross-border capital pool settlement of 637 million RMB by the Shenzhen branch of Bank of China in March 2025 [4] Group 3: Advantages and Future Prospects - The mBridge's point-to-point settlement model reduces the need for intermediary banks, enhancing cost efficiency and competitiveness for financial institutions [4] - The project is expected to support the development of cross-border inclusive finance by lowering payment fees [4] - As tokenized assets gain traction, banks may leverage mBridge's atomic settlement feature for synchronized delivery of digital assets and currencies [4] Group 4: Policy Support and Market Potential - Recent policy documents have emphasized the importance of mBridge, encouraging financial institutions to participate in its development and application [5][6] - The global cross-border payment market is growing, and mBridge is positioned to address the inefficiencies of traditional systems like SWIFT, potentially becoming a valuable channel for the internationalization of the digital RMB [6]