UDPN, G+D, and GFT Join CBMT Initiative to Enable Tokenized Commercial Bank Money for a More Digitalized Financial System

Stuttgart, August 19, 2025 – Universal Digital Payment Network (UDPN), Giesecke+Devrient (G+D), and GFT Technologies (GFT) are joining the CBMT initiative as Technical Service Providers (TSP), driving commercial bank money designed to facilitate direct and secure transactions between businesses using Distributed Ledger Technology (DLT).

As businesses increasingly embrace digital transformation and interconnected ecosystems, the need for secure, scalable, and regulatory-compliant digital financial solutions has become critical. The CBMT (Commercial Bank Money Token) initiative is a pioneering project designed to enable secure and efficient digital transactions between businesses. By joining the project, UDPN, G+D, and GFT aim to enable the convergence of new business processes with efficient and safe financial settlement, particularly for Industry 4.0. A recent proof-of-concept demonstrated the initiative’s potential in real-world applications, focusing on commercial banks such as: DZ Bank, Unicredit, Commerzbank and industry participants such as: Siemens, BASF, Evonik, and Mercedes Benz.

This collaboration marks a significant advancement in the integration of programmable digital money transactions, aimed at enhancing the efficiency and accessibility of commercial bank money.

Key contributions:

• Technology: The CBMT solution will leverage UDPN, G+D, and GFT’s advanced capabilities by utilizing onboarding and interoperability services, banking and enterprise system integration, and various DLT-based technologies from the UDPN to enable commercial banks and industry participants to easily join, use, and integrate into the CBMT ecosystem.
• Use cases: The solution will be tested and validated through several enterprise use cases such as: delivery versus payment in supply chain and trade finance, inter-company cross-border transactions and working capital optimization, in addition to advanced IoT and machine-to-machine payments, both online and offline.
• Wider adoption: The working group aims to support identifying and connecting with new banking and enterprise partners to adopt or integrate into the CBMT network, thereby expanding its reach and functionality within the financial ecosystem.

“Stablecoins and tokenized deposits like CBMTs will support the ongoing digitalization of business process automation and IoT payments. Tailored to the specific needs of the ecosystem, the CBMT initiative will provide the first platform for seamless issuance, management, and operation of tokenized deposit services. We are proud to be part of this initiative of making the financial ecosystem more digital, efficient and secure,” says Abbas Albasha, Senior Strategy Consultant CBDC at Giesecke+Devrient.

“Commercial bank money tokens empower corporates to execute digital transfers, fostering fast and efficient financial operations in the digital economy. UDPN and GFT’s engagement in the CBMT initiative reflects our commitment to building a financial technology system that will accelerate global digital transformation,” added Florian Becker, Managing Director APAC & GCC at GFT.