The National Bank of Georgia plans to select a single Technology Partner for the Digital GEL pilot project

The National Bank of Georgia plans to select a single Technology Partner for the Digital GEL pilot project

28 September, 2023

NGB is moving ahead with the CBDC project and will introduce a Limited Access Live Pilot Environment to test the CBDC system technology capabilities and potential application areas through the set of use cases.

We are delighted to announce that after a long-lasting research stage and careful consideration, NBG has shortlisted 9 companies that have demonstrated sufficient technology potential, maturity, capacity, relevant experience, and desire to join our on-field exploration.

 

  1. AUGENTIC GmbH
  2. Bitt Inc.
  3. Broxus Holdings Ltd.
  4. Currency Network Ltd.
  5. DCM Corp Limited
  6. eCurrency Mint Inc.
  7. FARI Solutions Ltd.
  8. Ripple Labs, Inc.
  9. Sovereign Wallet Co., Ltd.

 

At this stage, NBG stays technologically agnostic and considers different underpinning technology solutions to the Digital GEL project that the shortlisted companies can offer.

Upon selection stage completion, NBG will identify a single technology partner to move to the pilot stage to test the CBDC platform in a limited-time run live environment and evaluate the practical use cases.