AFIN, R3 partner for CBDC testing

AFIN will launch a new digital currency sandbox in APIX.

The ASEAN Financial Network (AFIN) has partnered with global enterprise software firm R3 to allow banks and fintechs to build and test central bank digital currency (CBDC) applications.

This collaboration will provide financial institutions and fintechs on APIX with tools to build CBDC applications for new payment rails and multi-currency payment systems, the announcement read.

AFIN will launch a new digital currency sandbox in APIX, and R3 will be the first partner organisation to provide APIs for building applications using digital currencies. 

Select APIs of R3 Sandbox for Digital Currencies, a learning and development platform for CBDC experimentation used by global financial institutions and regulatory bodies, will be listed on the API Exchange (APIX) from August 2021. 

In addition, developers can create and edit code, integrating R3's APIs and others across different solution domains in APIX's marketplace through the cloud-based integrated development environment (IDE).