Banco do Brasil (BB) announced on Wednesday (26) the start of testing a new platform aimed at facilitating interaction with Drex, the Central Bank's digital currency. The information was announced during Febraban Tech, the financial system's technology and innovation event, which is taking place in São Paulo.
The platform, initially designed for the bank's business area employees, simulates operations such as issuance, redemption, and transfer of Drex, as well as transactions with tokenized federal government bonds. According to the BB statement, the solution allows for "simple and intuitive" testing of the use cases planned for the first phase of the Central Bank's digital currency pilot project.
Rodrigo Mulinari, BB's technology director, highlighted the importance of familiarizing yourself with these procedures, since access to the Drex platform will require an authorized financial intermediary.
The test is part of the Drex Pilot, the experimentation phase of the digital currency. The first stage, which ends this month, focuses on validating data privacy and security issues, as well as testing the platform's 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 banking sector's commitment to financial innovation.
