Cambridge Centre For Alternative Finance, a research institute under the University of Cambridge announced on March 1 that it will launch a new cryptocurrency research project, the “Digital Assets Program.
According to the institute, more than 16 major companies and international organizations will work together to provide data on industry challenges and ecosystem trends. The International Monetary Fund and the World Bank will sponsor the project.
The project called the Cambridge Digital Assets Programme, or CDAP, will also include participation from Goldman Sachs, Invesco, Visa, MasterCard, British International Investment, Dubai International Financial Center, Ernst & Young, Fidelity, the United Kingdom’s Foreign, Commonwealth and Development Office, Accenture, Inter-American Development Bank, London Stock Exchange Group, and MSCI.
The newly launched program will research mainly three key areas: environmental impact of cryptocurrencies, DeFi infrastructure and mechanisms, and New ‘monetary’ systems such as digital securities and CBDC.
Bryan Zhang, Executive Director of CCAF, said in the announcement:
“The Cambridge Digital Assets Programme that we are launching today aims to meet the resulting need for greater clarity by providing data-driven insights through collaborative research involving public and private sector stakeholders.”