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The international operation center for the digital yuan, established and overseen by the Digital Currency Institute of the People’s Bank of China, has officially commenced operations in Shanghai.
This newly launched center features an innovative cross-border digital payment platform for the e-yuan, a blockchain services platform, and a digital asset platform, all designed to facilitate international transactions.
The development of this global operation hub was first announced by the governor of the central bank at the 2025 Lujiazui Forum held in Shanghai in June.
The cross-border digital payment platform aims to apply legal digital currency solutions to overcome traditional challenges faced in cross-border transactions, according to the central bank. Meanwhile, the blockchain services platform will provide standardized cross-chain transaction data and enable on-chain e-yuan payments tailored to various industry scenarios and blockchain technologies.
The digital asset platform will deliver comprehensive, ready-to-use digital asset services of a financial standard and support the integration of existing financial infrastructure with blockchain technology, the central bank noted.
This international center is set to enhance cross-border interconnectivity with both domestic and international financial systems, promote the global expansion of the e-yuan, and foster innovation in digital finance.
The central bank emphasized its goal of offering open, inclusive, and innovative solutions to strengthen the global cross-border payment landscape. The preliminary digital yuan cross-border financial infrastructure has now been established, according to a statement from a leading official during a promotional event in Shanghai on September 24.
Locating the center in Shanghai aligns with the city’s broader ambitions to develop into an international financial hub, the official added.
The launch of the digital yuan international operation center and its platforms is expected to significantly boost Shanghai’s transformation into a prominent global financial center, stated the city’s vice mayor at the event.
The city will leverage the center’s business platforms to continuously expand the use cases and reach of the e-yuan and work toward increasing its international influence.
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