The island nation moved to a pilot phase on its CBDC project together with FinTech firm Soramitsu. Bokolo Cash, the new digital currency, is intended to drive technological advancement and economic growth.

Cambodia's CBDC-like Bakong payment system will allow users to access Alipay+ merchants and vice versa.

Solomon Islands enters CBDC trials with the help of the Government of Japan. The project may be replicated for other island states.

Soramitsu plans to connect its Cambodia-based RTGS system, Bakong, to its cross-chain stablecoin exchange, creating a pan-Asian transfer and payment network.

The Japanese central bank has established a working group of 60 companies to gain input into its decision on launching a CBDC from a business perspective.

Barbados-based Abed Group launches its accounts payable solution ADAR on the SORA blockchain network.

Datachain, Mitsubishi UFJ Trust and Banking Corporation, and Soramitsu announced a technology alliance to enable smooth transfer and exchange of stablecoins to be issued in Japan.

Payment Systems Department, Bank of the Lao PDR and Soramitsu signed a Memorandum of Understanding (MOU) to launch CBDC Proof of Concept on February 6, 2023