Woofun AI reports that the Digital Renminbi International Operation Center has officially launched the 'Shubi Da' brand operation through the upgraded Digital Currency Cross-Border Settlement Comprehensive Service Platform (CBETS). This strategic move involved signing service agreements with the first batch of 26 financial institutions in Shanghai, consolidating the previously separate platforms for cross-border digital payment, blockchain services, and digital assets into a unified infrastructure.

The newly integrated CBETS architecture emphasizes low access costs and high settlement efficiency, offering technical support for both centralized and blockchain systems while maintaining message standard compatibility with ISO20022. Business capabilities span cross-border retail scenarios, including barcode and tap-to-pay transactions, alongside comprehensive coverage of remittances, trade, investment financing, and wholesale financial innovation. The inaugural cohort of partners includes overseas branches of ICBC, ABC, BOC, CCB, Bank of Communications, Pudong Development Bank, and Guangfa Bank, as well as Standard Chartered China and Xinyin International. Upon going live, the platform's services will extend to Hong Kong, Macau, Singapore, Laos, Thailand, the UAE, Qatar, and Brazil, aiming to leverage digital technology to streamline cross-border trade and investment financing.