What is mBridge and what role does it play in China's financial OS?

Direct Response

Answer

**mBridge** is a multi-CBDC bridge project managed in collaboration with the BIS Innovation Hub and the People's Bank of China (PBOC). It serves as a technical showcase for China's maturity in blockchain-based cross-border settlement.

Munawar identifies mBridge as a central component of China's **"Financial Operating System (OS)"**:

• Bypassing Legacy Rails: It allows for real-time gross settlement (RTGS) without relying on traditional Western correspondent banking networks.
• High Throughput: The system is designed to handle massive volumes of trade finance and tokenized security transfers.
• Regional Pillar: It provides a blueprint for how BRICS and Global South nations can build an interoperable, sovereign financial network.

In short, mBridge is the technical foundation that allows China to move from a dollar-dependent state to a sovereign financial node.

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