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Today Citi published its latest Securities Services Evolution whitepaper. DLT and digital assets is one of three topics covered. A survey of almost 500 institutions found that there is less demand for using CBDC for digital asset settlement than in the past. Instead, there’s a greater emphasis on alternative digital payment methods including non bank stablecoins, tokenized deposits and tokenized money market funds.

The shift is quite significant. Last year 52% of respondents expressed a need for CBDC, but that figure dropped to 15% in the latest survey.

In the meantime, the European Central Bank has attracted more than 60 institutions to take part in its wholesale DLT settlement trials using central bank money. Although CBDC is one of three ECB settlement options.

Retrieved from: https://www.ledgerinsights.com/citi-survey-finds-fewer-institutions-want-cbdc-for-digital-asset-settlement/