Kima completes the first CBDC transaction of a tokenized stock during the Bank of Israel event at the Tel Aviv Stock Exchange
Kima’s secure interoperability protocol enables transaction settlements between untethered financial systems through its patent-pending blockchain technology, eliminating potential smart contract vulnerabilities
Kima, the asset-agnostic, peer-to-peer money transfer and payment protocol, successfully facilitates the transfer of a tokenized stock via digital shekel, demonstrating a successful use case of its cross-ecosystem interoperable delivery-vs-payment (DvP) solution. Administered by the Bank of Israel as part of a research initiative to potentially adopt a central bank digital currency (CBDC), the successful purchase of a tokenized share through a digital shekel was converted into regular shekels to finalize the process using Kima’s settlement layer.
To demonstrate the utility of its transfer protocol, Kima built an imaginary trading platform called PeerTrade, which facilitated an atomic swap of the tokenized share. Kima’s secure decentralized settlement layer orchestrated the transaction …