TechFlow news, May 5 — According to an announcement by the European Central Bank (ECB), COTI has become one of the pioneering partners in the ECB's digital euro project and will collaborate with renowned institutions including Accenture, KPMG, and TATA to develop technologies related to the digital euro.
The European Central Bank plans to launch the digital euro in early 2026. COTI will contribute its privacy solution based on garbled circuits to the technical implementation of conditional payment systems for the digital euro. This marks COTI’s second central bank digital currency (CBDC) project, following its participation in the Bank of Israel’s digital shekel pilot.
Shahaf Bar-Geffen, Co-Founder and CEO of COTI, stated that privacy is a crucial component of the future of Web3 and equally vital for central bank digital currencies, emphasizing that ensuring user security and organizational compliance is essential.
