Cambridge, one of the UK’s most famous and prestigious universities, is launching a research initiative focusing on digital assets, dubbed the Cambridge Digital Assets Programme (CDAP).
IMF and Global Banks to Collaborate
The Cambridge Centre for Alternative Finance (CCAF) is backing the initiative and will collaborate with 16 companies, including financial organisations such as the International Monetary Fund (IMF), leading global banks, and private organisations.
The idea behind CDAP is to bring further insights into the growing cryptocurrency industry, and debate the risks and opportunities associated with the ongoing adoption of digital assets.
CDAP will focus on three main fields:
- blockchain infrastructure;
- the environmental implications of cryptocurrencies; and
- the overall use of digital assets, stablecoins and CBDCs (Central Bank Digital Currencies).
[CDAP] aims to meet the need for greater clarity by providing data-driven insights through collaborative research involving public and private sector stakeholders.
Bryan Zhang, CCAF executive director
Other notable research collaborators are British International Investment PLC, London Stock Exchange Group, Mastercard, Visa, World Bank, and the Dubai International Financial Centre.
Link to Australian Research Program
The CCAF’s initiative is similar to that of the DFCRC – Digital Finance Co-operative Research Centre, an Australian-based research program that focuses on the digital finance sector and the latest fianancial technologies. The project raised A$181 million through local industry leaders including the Reserve Bank of Australia, National Australia Bank, and the National Stock Exchange of Australia.
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