Part 4/10:
Major Banking Institutions and Industry Collaboration
The development and testing phase involved some of the world's largest financial institutions, such as Deutsche Bank, HSBC, Standard Chartered, the Bank of East Asia, and AgBank. These banks participated in proof-of-concept exercises—focused on validating whether the ideas behind the network could be practically realized.
The launch at Davos was accompanied by a panel discussion featuring representatives from these major banks, indicating their pivotal role in shaping the future of digital currency infrastructure. Interestingly, the narrative suggests that these banks are actively the beneficiaries and drivers of this evolution, rather than mere bystanders.