We are pleased to announce the addition of Millicent Labs to the Digital Pound Foundation’s (DPF) membership community. Millicent Labs joins the Foundation as an Associate Member and will also take part in the Policy Legal and Regulatory Working Group. Millicent is an open blockchain ecosystem dedicated to creating more equitable and efficient financial systems
London-based Millicent Labs, a pioneering fintech company dedicated to financial inclusion, is pleased to announce its win at the G20 TechSprint 2023 for its solution, LOFTHub - a decentralized currency exchange designed to improve liquidity and mitigate risks associated with cross-border payments and foreign exchange in emerging market and developing economy (EMDE) currencies.
Twenty-one shortlisted teams from around the world competed to develop innovative technological solutions to improve cross-border payments. Solutions aim to reduce illicit finance risk; improve liquidity for emerging market and developing economy currencies in cross-border payments; and foster multilateral cross-border CBDC platforms.
Sep 2023 · Bank for International SettlementsNews article
