Bank of Ghana Stanbic and Hong Kong fintech firm RD Technologies said they are working together to explore a bank-led cross-border trade settlement model supported by stablecoin technology. The initial focus is on business-to-business trade payments from Ghanaian companies to suppliers in Asia. Under the proposed structure, Bank of Ghana Stanbic would remain the customer-facing bank and handle client onboarding, compliance oversight, and local-currency settlement. RD Technologies would provide payment technology, digital asset infrastructure, and access to an Asian settlement network. The two sides said they plan to set up a project team for technical testing and the design of a controlled pilot, subject to obtaining the required regulatory non-objection.
Bank of Ghana Stanbic and Hong Kong fintech company RD Technologies said they are jointly exploring a bank-led cross-border trade settlement arrangement backed by stablecoin technology.
The first phase will focus on business-to-business trade payments from Ghanaian companies to suppliers in Asia.
Division of responsibilities
Under the plan, Bank of Ghana Stanbic will continue to serve as the customer-facing bank, taking charge of client onboarding, compliance oversight, and local-currency settlement. RD Technologies will provide payment technology, digital asset infrastructure, and access to an Asian settlement network.
Next steps
Subject to receiving the required regulatory non-objection, the two parties plan to form a project team to move forward with technical testing and the design of a controlled pilot.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
