Project Nexus project
Overview
Project Nexus is a BIS Innovation Hub initiative to link domestic instant payment systems for cross-border payments using a hub-and-spoke model, so each system makes one connection to the network instead of many bilateral links. In July 2024 the BIS and partners completed a comprehensive blueprint and moved the work towards live implementation — the first BIS Innovation Hub payments project to do so. The central banks and instant payment system operators of India, Malaysia, the Philippines, Singapore and Thailand are working towards implementation, with Bank Indonesia as a special observer. Interlinking instant payment systems is a priority action under the G20 roadmap for enhancing cross-border payments.
Within the DeFi Intel graph, Project Nexus connects to 3 tracked entities, most strongly to BIS Innovation Hub, Monetary Authority of Singapore, Bank Negara Malaysia.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | BIS Innovation Hub | 99% |
partnered_with | Monetary Authority of Singapore | 99% |
partnered_with | Bank Negara Malaysia | 98% |
Frequently asked questions
What is Project Nexus?
Project Nexus is a project tracked in the DeFi Intel knowledge graph. It is connected to 3 other tracked entities, most strongly to BIS Innovation Hub, Monetary Authority of Singapore, Bank Negara Malaysia.
What type of entity is Project Nexus?
Project Nexus is classified as a project (project) in the DeFi Intel knowledge graph.
What is Project Nexus connected to?
In the DeFi Intel knowledge graph, Project Nexus is linked to 3 other tracked entities, most strongly to BIS Innovation Hub, Monetary Authority of Singapore, Bank Negara Malaysia.
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