The mBridge multilateral central bank digital currency (CBDC) platform has processed its largest cross-border transactions to date, with Bank of China executing two transfers each worth more than US$1.7 billion.
The milestone marks a significant step forward for the emerging payment network, demonstrating the system's capacity to handle high-value institutional flows rather than just pilot-scale tests.
The transactions, reported by South China Morning Post, highlight the growing operational maturity of the mBridge initiative.
The transactions, reported by South China Morning Post, highlight the growing operational maturity of the mBridge initiative.
As a China-dominated platform involving multiple central banks, mBridge aims to provide an alternative to traditional correspondent banking networks for international settlements.
The scale of these transfers suggests that participating institutions are moving beyond experimental use cases toward genuine commercial adoption.
This development arrives as global financial infrastructure faces increasing scrutiny over efficiency and geopolitical alignment.