A tokenized version of Digital Real, Brazil’s Central Bank Digital Currency (CBDC), has successfully passed a public blockchain pilot test. The test was conducted by local exchange Mercado Bitcoin using the Stellar Network and shows that the Digital Real token can be used on the public blockchain in accordance with all compliance rules established by Brazilian law.
Digital Real Completes Stellar Blockchain Test
The Digital Real project, a Brazilian initiative to build a central bank digital currency, is moving toward its possible issuance. Local exchange Mercado Bitcoin reported that a series of pilot tests conducted to verify the interconnection of tokenized versions of the digital real have been successful.
The tests used the Stellar blockchain as the public blockchain and included all the steps a regular user would have to undertake to use the tokenized on-chain version of the digital real, derived from the digital decentralized ID system included traceability, customer identification, and fraud prevention procedures.
The digital identity tasks were performed by Clearsale and CPQD, which handled the identity and fraud prevention processes to make these transactions compliant with Mercado Bitcoin Pay, the tool used by Mercado Bitcoin to process transactions.
According to the agency behind this test, this success shows that public networks like the Stellar blockchain can act as a proxy for digital real operations. In this regard, Fulvio Xavier, Special Projects Officer at Mercado Bitcoin, said,:
Our thesis was to prove that it is possible, feasible and secure to trade digital assets using real representations on public networks. Central banks are always interested in understanding what happens when a transaction leaves their hands.
Other Tests
The completed tests are just part of a series of projects being conducted to evaluate the behavior of the digital real in different situations.Mercado Bitcoin is part of the 2022 issue of the Special Institute for Finance and Technology Innovation ( As part of the LIFT challenge, it is part of the nine institutions selected by the Brazilian Central Bank to perform these tests.
On February 14, Brazilian Central Bank Governor Roberto Campos Neto revealed that a full pilot test will be conducted as soon as possible before the end of his mandate to provide a comprehensive development route for the central bank digital currency in December 2023.
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