2023-10-02 22:43:46
Initiative consolidates advances in the Real Digital agenda, with an unprecedented test operation carried out in just five seconds on the Central Bank network
In yet another transaction carried out during the Drex testing phase, the CAIXA, Elo and Microsoft consortium carried out the first public securities auction operation on the Central Bank network. In this activity, the National Treasury opens an auction offer for National Treasury Bills (LTN) tokens, making it possible for participants to send offers.
The consortium made an offer to purchase 1000 LTN tokens for the amount of R$986 thousand, and the offer was accepted. Still in the pilot test environment, the operation is not carried out with real values and is simulated with digital assets.
The exchange of assets was carried out instantly, known as Delivery Versus Payment, or DvP, made possible by blockchain technology. The transaction represents a record and was carried out in five seconds, a technological advance compared to the modality’s standard period of up to two business seconds.
“This achievement demonstrates our commitment to adopting innovative technologies and driving efficiency and inclusion in financial services. We are committed to continuing to lead this transformation and exploring the potential of Real Digital to benefit the Brazilian people and the economy as a whole”, says the president of CAIXA, Maria Rita Serrano.
“And we are managing to prove right now that it is possible, with technology, method and desire for disruption, to increase efficiency and provide access and inclusion to a wider range of financial services”, adds Eduardo Merighi, responsible for the Products and Technology area at Link.
Microsoft Brazil’s Vice President of Financial Services, Júlio Gomes, emphasized the importance of this collaboration. “The partnership between Microsoft and innovative financial institutions like CAIXA and Elo is a powerful example of how technology can enable innovation in the financial sector. The computing power of the cloud, linked to the security layers that are native to our solution, are fundamental elements for building robust, agile and secure financial solutions. This promising collaboration between companies is shaping the future of financial transactions in the country,” he comments.
Created by the Central Bank, Drex aims to provide a safe and regulated environment for the generation of new businesses and more democratic access to the benefits of the digitalization of the economy for citizens and entrepreneurs.
In previous tests, the CAIXA, Elo and Microsoft consortium connected to Drex’s network and also carried out the first transfer between public banksthis time in conjunction with Banco do Brasil.
Among the countless possibilities with Drex, CAIXA provides for the payment of social benefits with tokenized currency and a more agile way of carrying out housing financing, which currently takes an average of 25 days to register with a notary.
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