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Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

Big Banks, NY Fed Start to Test Digital Tokens for 'Wholesale' Transactions

Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.

Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.

Citigroup, HSBC, BNY Mellon, Wells Fargo and Mastercard, are among the financial giants taking part.

AccessTimeIconNov 15, 2022, 4:09 PM
Updated May 9, 2023, 4:02 AM
The Federal Reserve Bank of New York is leading a program to test the use of digital tokens to settle transactions among financial institutions. (Shutterstock)

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