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COTI has been selected as a pioneering partner in the European Central Bank's digital euro project.
According to a report from Shenchao TechFlow on May 5, the European Central Bank (ECB) announced that COTI has become one of the pioneering partners in the ECB's digital euro project, collaborating with renowned institutions including Accenture, KPMG, and TATA to develop technologies related to the digital euro.
The European Central Bank plans to launch the digital euro in early 2026. COTI will leverage its privacy solution based on Garbled Circuits to participate in the technical implementation of the digital euro conditional payment system. This is the second Central Bank Digital Currency (CBDC) project that COTI is involved in, following its participation in the Bank of Israel's digital shekel pilot.
Shahaf Bar-Geffen, co-founder and CEO of COTI, stated that privacy is an important component of the future of Web3, which is equally applicable to Central Bank digital currencies, and ensuring user safety and organizational compliance is crucial.