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DNB and Commercial Bank of Dubai expand the CBMT deposit sandbox
The eight-bank test network now includes a Gulf participant and four currencies; joining the sandbox does not constitute a commercial launch.
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GFT announced on 30 September that Commercial Bank of Dubai was joining the Commercial Bank Money Token initiative. Its participant list also includes Norway’s DNB, alongside Commerzbank, DZ Bank, Helaba, UniCredit, ABN AMRO and BNP Paribas.
The sandbox covers EUR, USD, JPY and NOK. GFT and UDPN provide technical services, while participating banks explore corporate payments, treasury operations and interbank settlement.
What is being tested
CBMT’s proposition is to move commercial-bank money through distributed ledgers while preserving the character of a regulated deposit. CBD adds a Europe–Gulf perspective to an initiative previously concentrated in Europe.
The scope is important: GFT explicitly describes the activity as a sandbox and says participation is not a commitment to commercial launch. The addition of institutions and currencies broadens what the participants can test. It does not establish that corporate customers can already use a generally available cross-border payment service.
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Key takeaways
- //CBD's participation extends a test environment beyond Europe; commercial availability remains a separate milestone.
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