SCB TechX, the technology arm of Thai Siam Commercial Bank, and an unnamed financial institution in Taiwan also took part in the pilot project.
According to the statement, the partners have achieved real-time calculations and integration of foreign exchange rates (won, baht and Taiwan dollar) in a test blockchain environment.

The developed solution is compatible with EVM networks, and any issuers of stablecoins based on them can use the structure in the future.