Caixin: The digital RMB blockchain service platform is based on Changan Chain, and the digital asset platform is based on the Shanghai Clearing House.

On September 27, Caixin reported that the Digital RMB International Operations Center had recently officially launched operations.

Caixin learned from industry experts that the center comprises three business platforms, each focused on a different application area:

1. The Digital RMB cross-border digital payment platform is built on the Digital Currency Bridge project spearheaded by the central bank;

2. The Digital RMB blockchain service platform is built on the independently controllable "Chang'an Chain" technology system;

3. The digital asset platform is based on the Shanghai Clearing House.

The official launch of the center marks the entry of the Digital RMB international operations entity, announced three months ago at the 2020 Lujiazui Forum, into the substantive operational phase.

On September 24, the Digital RMB International Operations Center successfully held a business platform promotion conference in Shanghai, detailing the core functions and business architecture of the cross-border digital payment platform, blockchain service platform, and digital asset platform to relevant partner institutions.

This conference is considered a key step in the internationalization of the Digital RMB and signifies that the center has fully launched business development and system integration efforts.

Lu Lei, member of the Party Committee and Deputy Governor of the People's Bank of China, pointed out at a related event that, driven by the wave of digitalization, the evolution of currency forms and payment systems has become an irreversible historical trend.

The People's Bank of China has always been committed to providing open, inclusive, and innovative solutions for the global cross-border payment system.

He emphasized that the three principles of "losslessness, compliance, and interoperability" proposed by the central bank have become the basic guidelines generally followed by central banks in many countries in the process of building cross-border infrastructure for legal digital currencies.

At present, China has initially established a cross-border financial infrastructure system for digital RMB that covers multiple scenarios and supports interconnection and interoperability, laying the foundation for greater international cooperation and standard integration in the future.