Digital Pound Foundation

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Industry CBDC
Founder(s) Jeremy Wilson
Richard Ells
Susan Friedman
Gilbert Verdian
Jannah Patchay
Key people Jeremy Wilson
Richard Ells
Susan Friedman
Gilbert Verdian
Jannah Patchay
Services Digital Currency
Employees 11-50 employees
Website http://digitalpoundfoundation.com/

Digital Pound Foundation (founded June 22, 2021) is an independent organization working towards the implementation of a well-designed digital pound.

Overview

The Digital Pound Foundation was incorporated on 22 June 2021 to work with a variety of stakeholders and participants. Whilst most CBDC experiments have involved private sector technology providers, the overwhelming majority of these experiments, to date, have not involved participation from other private sector actors.[1]

The Digital Pound Foundation is unique in proposing a model whereby the public and private sectors can fully engage in the design, development, and adoption of a digital Pound, thus contributing to its successful roll-out and helping drive forward the UK’s transition to a digital economy.[2]

A group of highly regarded, respected, and experienced high-tech, innovation, and regulatory experts came together to launch the Digital Pound Foundation, an independent forum to influence the implementation of the UK's digital Pound, ensuring the United Kingdom's place in the emerging global digital landscape.[3]

The Foundation conducts research, advocacy, exploratory projects, and multi-stakeholder collaboration concerning the UK's proposed digital Pound design, implementation, and roll-out. The infrastructure created by a digital pound provides material benefits that will have repercussions for society.[4]

The Foundation draws on the expertise and practical experience of its members to conduct research, advocacy, ‘hands on’ exploratory projects, and multi-stakeholder collaboration in the design, development, implementation, and roll-out of the UK’s proposed digital Pound as a means of securing the UK’s place in the emerging global digital landscape.[5]

In addition to its research and policy activities, the Foundation also acts as a hub to collate and share a comprehensive set of resources about the progress towards a digital Pound and movements towards the creation of other similar digital currencies globally.[6][7]

Team Members

  • Jeremy Wilson - Former Vice-Chairman, Barclays Corporate
  • Richard Ells - Founder & CEO, Electroneum
  • Susan Friedman - Head of Policy, Ripple
  • Gilbert Verdian - Founder & CEO, Quant
  • Jannah Patchay - Founder, Markets Evolutiona
  • Phil Kenworthy - Founder, Payment Systems Consultancy
  • Lee Schneider - General Counsel, Ava Labs
  • Jim Ford - Founder, JR Payments Consultancy Services
  • Victoria Thompson - Co-Founder & CEO, Orora
  • David Putts - Chief Growth Officer, Billon Group
  • Melanie Budden - Managing Director, The Realization Group

External Links

References

  1. "Digital Pound Foundation". https://digitalpoundfoundation.com/. 
  2. "The Retail versus Wholesale Debate: Should retail and wholesale clearing and settlement of CBDC payments be separated?". https://digitalpoundfoundation.com/the-retail-versus-wholesale-debate-should-retail-and-wholesale-clearing-and-settlement-of-cbdc-payments-be-separated/. 
  3. "The Future of Money – does the UK need a digital Pound? A fireside chat with the Bank of England". https://digitalpoundfoundation.com/the-future-of-money-does-the-uk-need-a-digital-pound/. 
  4. "Digital Pound Foundation launches to support development of the UK’s CBDC and digital money ecosystem". https://digitalpoundfoundation.com/our-work/#:~:text=Digital%20Pound%20Foundation%20launches%20to%20support%20development%20of%20the%20UK%E2%80%99s%20CBDC%20and%20digital%20money%20ecosystem. 
  5. [Response to Bank of England ‘New Forms of Digital Money’ discussion paper "https://digitalpoundfoundation.com/response-to-bank-of-england-new-forms-of-digital-money-discussion-paper/"]. Response to Bank of England ‘New Forms of Digital Money’ discussion paper. 
  6. "Digital Pound Foundation launches to help implement UK’s digital Pound". https://news.electroneum.com/digital-pound-foundation-launches-to-help-implement-uks-digital-pound. 
  7. "Harnessing creativity, ingenuity and uniquely British values to bring about a well conceived digital Pound". https://digitalpoundfoundation.com/harnessing-creativity-ingenuity-and-uniquely-british-values-to-bring-about-a-well-conceived-digital-pound/.