Current international wholesale transfers rely on complex, multi-layered correspondent banking lines that suffer from high tracking gaps and processing delays. Central banks build Multi-CBDC (mCBDC) Platforms to streamline these international flows.
The Cross-Border mCBDC Architecture
[Bank Alpha in Country X] <--- Local wCBDC Ingestion ---> [Shared Multi-CBDC Platform] <--- Foreign wCBDC Delivery ---> [Bank Beta in Country Y]
By connecting different national wholesale digital currencies through a single shared platform (such as the mBridge project), regional central banks allow foreign currencies to be exchanged and settled directly with instant finality, bypassing global correspondent networks and lowering transaction costs.
Â