Mercado Bitcoin, Itaú, Santander, and 6 other companies have been selected to help develop Real Digital

On Thursday (3), the Central Bank announced nine projects that will help develop real digital. This represents 20% of the 47 proposals submitted.

Among those selected were cryptocurrency exchange Mercado Bitcoin, Santander Brasil banks (San B 11) and Itaú Unibanco (ITUB4), as well as the group behind the cryptocurrency (avi).

BC said in a statement that the project attracted Brazilian companies and companies from seven other countries (Germany, the United States, Israel, Mexico, Portugal, the United Kingdom and Sweden).

The idea is to find proposals for various applications of Real Digital, such as Delivery vs Pay (DvP), Pay vs Pay (PvP), Internet of Things (IoT), Decentralized Finance (DeFi) and Pay-to-Receive solutions. Find without internet access (dual offline).

“Given the large number of projects relevant to and of interest to the development of the Real Digital Initiative, the selection process sought to strike a balance between the diversity of the pool of proposals submitted to the laboratory and the need for detailed monitoring of the projects selected,” BC explained in the note.

Check out the nine selected projects:

haha – pooling of resources from several savers (forming a liquidity pool) with an emphasis on making loans and ensuring that these operations comply with the rules of the financial system, using DeFi tools;

Banco Santander Brazil – handles DvP and conversion to digital format (encoding) of vehicle and property rights;

Verapan – Handles DvP financial assets;

Jeezy + Different – handles double payments offline;

Itaú Unibanco – handles international payments, using the PVP method in an application with Colombia;

Bitcoin market – Deals with DvP for digital assets, with a focus on crypto assets;

tikpan – Offers an e-commerce logistics solution based on Internet of Things technologies;

VERT (Associated with Digital Assets and Oliver Wyman) – deals with rural finance on the basis of a programmable token asset with a value tied to the riyal (a real stable currency);

Visa do Brasil (associated with Consensy and Microsoft) Handles SME financing based on DeFi solution.

This search for partners is part of what the Central Bank calls the Leverage Challenge, a special edition of the LIFT (Financial and Technological Innovations Laboratory) project, implemented by the monetary authority in partnership with Fenasbac.

Following Thursday’s announcement, the project will now have two more phases. The implementation phase of the selected projects begins on March 28, which will continue until July 27, when the works will be completed.

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