🎉🎉Good news! Odaily Planet Daily reported that UDPN officially launched its first production system, including stablecoins and asset tokenization solutions. This system was developed by Hongri Technology in Hong Kong and German consulting firm GFT, with the goal of supporting interoperability among multiple banks. 🏦🏦
UDPN's system is able to connect tokenized deposits, central bank digital currencies and stablecoins of multiple banks, and uses a Swift-like messaging mechanism to ensure seamless system connection. 🔗🔗
Prior to this, UDPN has conducted proof of concept with several high-profile institutions, including Standard Chartered Bank, Deutsche Bank, KPMG and CBDC developer Giesecke+Devrient. These systems are integrated with traditional back-end systems through APIs, and banks can set up business nodes on UDPN to provide tokenized deposit services to corporate customers to bypass the limitations of traditional banking systems. 👏👏
UDPN also plans to advance the construction of institutional governance structures in the future to further decentralize the operation of its network. This is undoubtedly a major step forward for the blockchain industry, so let's wait and see! 👀👀