Central banks around the world are engaged in a race to explore the possibility of issuing their own central bank digital currencies (CBDCs). By one count, 86% of central banks have a CBDC under research, in development, or being piloted.1 Main motivations range from financial stability to fostering digital financial inclusion to ensuring economic growth. One of the key questions that central banks need to answer before deciding whether to proceed is what the impact on economic and financial stability will be.
Yet modeling this accurately is no simple task. That’s where FNA comes in: FNA is a deep-technology firm specializing in advanced network analytics and simulations. G+D’s recent investment in FNA is part of a strategic funding round and expands on an existing partnership for the development and rollout of a CBDC simulation solution.