Digital Yuan Used in China's Domestic Futures Market for First Time: Report

The interbank payment using the e-CNY afforded a zero cost, efficient and convenient payment option in real time, according to the report.

AccessTimeIconAug 24, 2021 at 3:39 a.m. UTC
Updated Sep 14, 2021 at 1:43 p.m. UTC

China's digital yuan has been used to pay storage fees to a delivery warehouse in the Chinese city of Dalian, marking the first use of its kind within the domestic futures market.

  • The China Securities Journal reported Monday the Dalian Commodity Exchange had paid the fees to Dalian Liangyun Group Storage and Transportation Co., Ltd.
  • Local branches of the Bank of Communications and the Dalian branch of the Bank of China assisted in the transaction.
  • China's digital yuan, also known as the digital renminbi or e-CNY, is a digital version of the country's physical notes issued by the People's Bank of China (PBoC).
  • The interbank payment using the e-CNY afforded a zero-cost, efficient, and convenient payment option in real time, according to the report.
  • Beginning in earnest this year, several e-CNY pilots have been trialed in the country including the district of Xiong’an and the city of Shenzen.
  • During the Winter Olympics in Beijing next year, foreign visitors will be able to access and trial China's digital currency without needing to open a local bank account.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.