Digital Euro Association Joins the Hyperledger Foundation

The Digital Euro Association (DEA) has announced that it has become a member of the Hyperledger Foundation, a global open-source community that fosters enterprise-grade blockchain technologies, to “promote healthy discussions about the digitalization of money in the European economy and encourage collaboration among industry leaders”.

The DEA is a Frankfurt-based think tank specializing in central bank digital currencies (CBDCs), stablecoins, crypto assets, and other forms of digital money, particularly the digital euro.

By joining the Hyperledger Foundation, the DEA noted that it has gained access to a vast network of global experts and open-source technology solutions, helping it to stay up to date with the latest innovations and best practices for digital currencies.

“The DEA is a voice of neutrality in the fast-evolving move towards digital money,” said Daniela Barbosa, Executive Director of the Hyperledger Foundation, and General Manager for Blockchain and Identity at the Linux Foundation. “Our mutual commitment to collaboration, innovation and openness makes the DEA a very welcome new voice in our community.”

See Also

If Passed, This Proposed Legislation Would Protect Crypto Investors in Texas

Jonas Gross, Chairman of the DEA, also expressed excitement about the partnership with the Hyperledger Foundation, stating, “We are excited to become part of the Hyperledger community and look forward to collaborating with other leaders in this space to advance the digitalization of money in the European economy.”

The digital euro is currently in a two year long “investigation phase”, which began in 2021. The European Central Bank is currently focusing on how a digital euro could be designed and distributed, as well as its impact on the wider market.