South Africa: Project Khokha on distributed ledger technology (DLT)

On 6 April 2022, Phase 2 of Project Khokha was concluded. The South African Reserve Bank (SARB) issued a summary project report outlining the policy and regulatory implications of wholesale central bank digital currency, wholesale digital settlement…

On January 2021, Phase 2 of Project Khokha was launched by the South African Reserve Bank (SARB) to explore the implications of tokenisation in financial markets through a proof-of-concept focused on SARB debentures using distributed ledger technolo…

On 10 August 2020, the South African Reserve Bank's (SARB) Phase 1 of Project Khokha was concluded after achieving its objective of exploring an emerging technology with industry to consider its potential impact. In particular, a real-world trial of…

On 5 June 2018, the South African Reserve Bank (SARB) launched “Project Khokha”, a proof of concept designed to simulate a “real-world” trial of a distributed ledger technology (DLT)-based wholesale payment system. The project will provide participa…