“If these processes can become faster and more efficient, U.K. businesses could unlock working capital sooner and make it easier to finance international trade,” Jacobsson said in an interview over LinkedIn.
The BOE named NOBO Finance, Dun & Bradstreet, a global provider of business decisioning data, analytics, and credit-rating services, and Polygon Labs, a software and blockchain company, as participants in its Digital Pound Lab.
The project will be the first time the Digital Pound Lab tests how public stablecoins and central-bank money work in a single payment flow alongside a portable credit identity for small businesses. The lab uses no real customers or money and does not signal any decision to issue a digital pound.
NOBO, a U.K.-based fintech building digital trade finance infrastructure that helps small and medium-sized enterprises (SMEs) become visible, verifiable, and bankable, was already involved in Phase 1. During the…
