Raiffeisen Bank International to work together with Billon. Raiffeisen Bank International to collaborate with Polish-British fintech Billon for a new form of DLT-based national currency tokenization.
The private institutions are also working on digitizing national currencies. Raiffeisen Bank International (RBI), a major Austrian bank, is working on a new form of national currency tokenization using blockchain technology.
RBI is extending its collaboration with Polish-British fintech firm, following a successful test of end-to-end digitized national currency transfers.
RBI and Billon are working on initial stages of an RBI tokenization platform, currently called RBI Coin. The pilot is planned to be conducted until late 2020 and is designed to speed up cross-border interbank or intercompany transactions and improve liquidity management, the firms said.
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