The central bank delivers the pilot in a live field environment.
Delivery is managed by SODA, the vendor, other technology partners and other actors – banks, fintechs etc.
The test and deploy approach is not a proof-of-concept (POC), or a sandbox or a research project. It’s a pilot with a real CBDC (stablecoin or tokenised deposit) on the central bank’s balance sheet directly or indirectly.
SODA assists central banks that are testing how blockchain technology can interoperate with existing central bank systems, with the goal of launching innovative digital financial instruments with real end users using DLT.
SODA works with stakeholders across the DeFi and TradFi ecosystems to facilitate the conversion of public digital money into a form of usable capital to be invested in DeFi yield products.
SODA leverages existing web3 native ecosystems so that central banks and citizens can utilize existing remittance corridors safely and securely, reducing the cost and dependence on fiat rails.
