The Deutsche Bundesbank and the Massachusetts Institute of Technology (MIT) have agreed to conduct a joint research project on central bank digital currency (CBDC). Together with the MIT Media Lab’s Digital Currency Initiative (DCI) research team, the Bundesbank’s experts will investigate new technologies that could potentially be used in the design of CBDC. The MIT DCI is one of the world’s leading research groups in this field.

The MIT DCI is working intensively on innovative topics that concern us here in Europe, too, such as the reconciliation of security and privacy requirements with the tasks of central bank digital currency, said Bundesbank President Joachim Nagel. We at the Bundesbank are delighted to conduct research on this important topic with such a competent partner as the MIT DCI.

The findings of the joint research project will be published and are intended to contribute to deepening knowledge about the application of CBDC both within Europe and worldwide.