Dubai Commercial Bank (CBD) has announced its participation in Germany's CBMT tokenized deposit project, becoming the first bank outside of Europe to join. It will enter the CBMT Sandbox to test cross-border payments, trade settlements, cash management, and working capital optimization along the Europe-Gulf corridor. CBMT is driven by the German banking sector, with participants including Commerzbank, UniCredit, BNP Paribas, ABN AMRO, DNB, and others. The core idea is to tokenize commercial bank deposits for on-chain settlements, with related assets still recorded on the issuing bank's balance sheet—unlike stablecoins issued outside the banking system. https://www.(wublock123.com)/news/dubai-commercial-bank-joins-germanys-cbmt-tokenized-deposit-project-69271