CBD Completes Digital Dirham Transfers With Bank of China via Jisr

Commercial Bank of Dubai (CBD) announced the completion of wholesale Digital Dirham transfers with Bank of China via the Central Bank of the UAE's (CBUAE) Jisr platform. The bilateral transaction involved sending and receiving wholesale Digital Dirham between the two banking institutions.

According to the announcement, the transaction demonstrated the banks' operational capability to handle Digital Dirham processing end-to-end, covering initiation through to final settlement on Jisr. The initiative builds on CBD's earlier involvement in CBUAE cross-border wholesale central bank digital currency (CBDC) projects.

The Jisr platform is designed by the CBUAE to support cross-border CBDC settlement capabilities via bilateral links between the UAE and participating foreign markets. The Digital Dirham project operates under the CBUAE's broader Financial Infrastructure Transformation Programme.

CBD Chief Executive Officer Dr. Bernd van Linder stated that the initiative supports the development of cross-border payment capabilities and reinforces the UAE's standing as a global trade hub. Chief Digital Officer Vladislavs Mironovs added that completing the transaction validates operational readiness for cross-border Digital Dirham use cases.