# Pilot Project Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Pilot Project", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Digital Asset and Paul Ryan's Foundation to Test Benefit Payments in a US State as Part of Canton Project

Digital Asset, the creator of Canton Network, and the American Idea Foundation founded by former U.S. House Speaker Paul Ryan are planning to test a blockchain-based system for distributing government benefits in three U.S. states. The program, called RISE, is expected to launch in Q1 2027. It will consolidate multiple benefits into monthly or semi-monthly payments with spending restrictions for categories like food and childcare. The system will automatically adjust benefit amounts based on household income changes. Canton Network will coordinate the distribution rules and transactions while limiting access to confidential information. Ryan stated the pilot aims to mitigate benefit reductions as recipients' incomes rise. The project still requires federal approval. This initiative represents an expansion of Canton Network's use cases, which have recently focused on institutional finance, including projects involving Japanese government bonds and U.S. Treasury settlements. The network's native token, Canton Coin (CC), has a market cap of around $4.1 billion.

cryptonews.ru5h ago

Digital Asset and Paul Ryan's Foundation to Test Benefit Payments in a US State as Part of Canton Project

cryptonews.ru5h ago

Bank of Korea Reveals Results of Tokenized Deposit Testing

The Bank of Korea has announced the results of its pilot test for tokenized deposits. Involving 28 central banks and international financial organizations, the project saw participation from major South Korean banks including KB Kookmin Bank, NH NongHyup Bank, Shinhan Bank, Woori Bank, and Hana Bank. Transactions, from payment orders to final settlement, were completed in real time, averaging just 80 seconds. The test involved 30 transactions across 17 different scenarios—such as corporate and interbank transfers—and was conducted in six currencies, including the Korean won, US dollar, and euro, with a total transaction value reaching approximately $995,000. The central bank reported that the platform operated stably throughout, despite being only partially connected to the existing banking infrastructure. Settlements using tokenized deposits were executed seamlessly, quickly, and transparently. An internal transfer of 20 million won (about $13,890) between NH NongHyup Bank and Shinhan Bank was also successfully processed via the Project Agora platform, which involved connecting to the Bank of Korea's CBDC test platform, Project Hangang. Additionally, KB Kookmin Bank and Japan's MUFG Bank tested cross-border payments using these deposit tokens—digital certificates issued by commercial banks within the pilot, not directly by the central bank. The Bank of Korea plans to continue testing payments with tokenized deposits. This follows last year's pledge by South Korean authorities to tighten regulations for won-based stablecoins, which will require approval from both the central bank and the Financial Services Commission.

cryptonews.ru07/31 16:59

Bank of Korea Reveals Results of Tokenized Deposit Testing

cryptonews.ru07/31 16:59

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