G+T and GFT join Commercial Bank Money Token initiative
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As businesses increasingly embrace digital transformation and interconnected ecosystems, the
need for secure, scalable, and regulatory-compliant digital financial solutions has become critical.
The CBMT (Commercial Bank Money Token) initiative is a pioneering project designed to enable
secure and efficient digital transactions between businesses. By joining the project, UDPN, G+D,
and GFT aim to enable the convergence of new business processes with efficient and safe
financial settlement, particularly for Industry 4.0. A recent proof-of-concept demonstrated the
initiative's potential in real-world applications, focusing on commercial banks such as: DZ Bank Unicredit, Commerzbank and industry participants such as: Siemens, BASF, Evonik, and
Mercedes Benz.
This collaboration marks a significant advancement in the integration of programmable digital
money transactions, aimed at enhancing the efficiency and accessibility of commercial bank
money.
Key contributions:
• Technology: The CBMT solution will leverage UDPN, G+D, and GFT's advanced
capabilities by utilizing onboarding and interoperability services, banking and enterprise
system integration, and various DLT-based technologies from the UDPN to enable
commercial banks and industry participants to easily join, use, and integrate into the CBMT
ecosystem.
• Use cases: The solution will be tested and validated through several enterprise use cases
such as: delivery versus payment in supply chain and trade finance, inter-company crossborder
transactions and working capital optimization, in addition to advanced IoT and
machine-to-machine payments, both online and offline.
• Wider adoption: The working group aims to support identifying and connecting with new
banking and enterprise partners to adopt or integrate into the CBMT network, thereby
expanding its reach and functionality within the financial ecosystem.
'Stablecoins and tokenized deposits like CBMTs will support the ongoing digitalization of business
process automation and IoT payments. Tailored to the specific needs of the ecosystem, the CBMT
initiative will provide the first platform for seamless issuance, management, and operation of
tokenized deposit services. We are proud to be part of this initiative of making the financial
ecosystem more digital, efficient and secure,' says Abbas Albasha, Senior Strategy Consultant
CBDC at Giesecke+Devrient.
'Commercial bank money tokens empower corporates to execute digital transfers, fostering fast
and efficient financial operations in the digital economy. UDPN and GFT's engagement in the
CBMT initiative reflects our commitment to building a financial technology system that will
accelerate global digital transformation,' added Florian Becker, Managing Director APAC & GCC
at GFT.
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