Live Trading News
Latest News

Dragonfly Fintech named finalist for the G20 TechSprint 2022 CBDC Challenge

By Avery Smith2 min read
Part of theBlockchain Center

The finalist of G20 TechSprint 2022 has announced the one of the company, and that is competitor from Singapore-based "Dragonfly" who made it to the list of CBDC Challenge.

Dragonfly finally won a place in the final round of the third G20 TechSprint global challenge. For This year's challenge focuses on central bank digital currency (CBDC) following Saudi's 2020 RegTech and SupTech, and Italy's 2021 Green Finance. This year's competition is held as part of Indonesia's G20 presidency which will culminate in the G20 Heads of State and Government Summit to be held in Bali in November 2022.

The G20 TechSprint global competition which is jointly organized by Bank Indonesia and Bank of International Settlement Innovation Hub focuses on the development and showcasing of retail and wholesale CBDC as a viable solution in three core areas: issuance, wholesale, retail, and distribution of CBDC; financial inclusion through the use of CBDC; and CBDC as an improved means of interoperability among participating sovereign payment systems.

"We are honored that we have been chosen as a finalist in the issuance, wholesale, retail, and distribution of the CBDC segment. We are about serving the future unmet needs of the industry with innovative blockchain powered solutions. This growth opportunity allows us to illustrate how Dragonfly simplifies digital banking covering the entire spectrum from monetary policy making to wholesale, settlement, and retail distribution in an interoperable system," comments Lon Wong, Founder and CEO of Singapore-based Dragonfly Fintech.

Dragonfly is excited about the increased visibility and expanding on the world stage as a cutting-edge Asian fintech leader first conceptualized in 2015, and is rapidly expanding its footprint worldwide to engage and support other central banks in making their CBDC vision a reality.

For more information, please visit www.dfintech.com

#Crypto #Cryptocurrency #Blockchain #Metaverse #DeFi #Web3 #Bitcoin #Ethereum #Dragonfly #DBDC

SOURCE Dragonfly Fintech Pte. Ltd.

Advertisement
Target150
Keep reading
Week Ahead

Economic Calendar and Trading Strategies for the Week Ahead: July 14–18, 2026

A pivotal week for markets: US strikes on Iran reignite the oil risk premium, June CPI and retail sales test the Fed's rate-cut path, and the $1 trillion AI capital loop keeps driving the tech trade. Full economic calendar plus trading strategies across oil, gold, Bitcoin, FX and AI stocks.

Shayne Heffernan25 min
quantum computing

Quantum Computing Just Became an Institutional Risk

Shayne Heffernan on BlackRock's quantum-computing warning for Bitcoin and Ethereum, Google's cryptanalysis research, the two on-chain risk vectors, and how KXCO's Armature L1 — post-quantum from genesis, coordinated by its ontology — answers a threat that just went institutional.

Shayne Heffernan10 min
Economic Calendar

Economic Calendar and Trading Strategies for July 7–11, 2026

A trader's guide to the week of July 7–11, 2026: the US and China economic calendar, the Fed-pivot test after a soft jobs report, and how to trade Nvidia, SpaceX, Bitcoin, the dollar, gold, silver, AI and quantum. Track every release on Live Trading News.

Shayne Heffernan47 min
Iran

Is the Iran War Back?

US Central Command struck Iran on June 26, nine days after a peace memorandum, after an alleged drone attack on shipping in the Strait of Hormuz. What it means for gold, Bitcoin, the defense complex — Palantir, Lockheed, RTX — and why the return of QE matters more than the bombs.

Shayne Heffernan25 min
Read Live Trading News on Telegram

Every story, signed and delivered.

Subscribe to the kxco channel and get the headline, the AI-written key takeaways, and the chain-anchor link the moment we publish. Audio versions and per-ticker subscriptions arrive in the next iteration.

Open @KnightsbridgeInsightsNo email required.