Taiwan
ABMedia
Central Bank Partners with 12 Financial Institutions to Build a "Gold" NFT, Shortening Customer Withdrawal Times
- The central bank, FISC, and 12 banks have formed the Financial Blockchain Consortium, converting the gold passbook business into a Gold Token model expected to go live by year-end.
- The consortium will also connect to a Real World Assets (RWA) Tokenization Platform built by securities-related institutions, testing integration of asset tokens, deposit tokens, and interbank settlement tokens on a single platform to avoid market fragmentation.
- Bank of Taiwan, the largest participant by business scale, will lead the pilot among the 12 participating banks — which also include Land Bank of Taiwan, Taiwan Cooperative Bank, Hua Nan Bank, Chang Hwa Bank, Mega International Commercial Bank, The Shanghai Commercial & Savings Bank, Taiwan Business Bank, SinoPac Bank, E.SUN Bank, CTBC Bank, and NEXT Bank — with system build-out and go-live targeted before year-end.