Banco do Brasil (BB) announced on Wednesday (26) the beginning of the tests of a new platform that aims to facilitate interaction with Drex, the digital currency of the Central Bank.The information was released during Febraban Tech, technology and innovation event of the financial system, which is taking place in Sao Paulo.
The platform, initially intended for employees of the bank's business areas, simulates operations such as issuance, redemption and transfer of Drex, as well as transactions with tokenized federal government securities. According to the BB statement, the solution allows “in a simple and intuitive way” to carry out tests of the use cases foreseen in the first phase of the pilot project of the Central Bank's digital currency.
Rodrigo Mulinari, chief technology officer at BB, stressed the importance of familiarizing with these procedures, since access to the Drex platform will require an authorized financial intermediary.
The test is part of the Drex Pilot, a phase of experimentation of the digital currency. The first stage, which ends this month, focuses on the validation of data privacy and security issues, as well as testing the platform infrastructure.The second phase, scheduled to begin in July, will incorporate new use cases, including assets not regulated by the Central Bank, which will also involve the participation of other regulators, such as the Securities and Exchange Commission (CVM).
This initiative by Banco do Brasil represents a significant step in the development and implementation of the Brazilian digital currency, demonstrating the commitment of the banking sector to financial innovation.
