the power to prosper

The power to prosper
Borderless

Borderless

Individuals and institutions will instantly and effortlessly move money, assets and data across, countries, networks, ecosystems, and realities, with near zero fees.

Real

Real

Finally enjoy the benefits of digital currencies in your everyday life, through a system designed for both on-chain and real-world use from retail payments, to DeFi, to global settlements.

Powerful

Unlocking the full power of money with ultra low fees, near-instant transaction settlement, and privacy protection, Millicent's programmable digital cash is the future of money.

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Co-funded by the
UK-Government

The first stablecoin and CBDC project to receive funding from the UK government's research and innovation department, Millicent Labs was awarded Great Britain's most competitive research and development grant, an Innovate UK Smart Grant.

These grants are awarded to the most revolutionary, commercially viable, innovations that have the potential to significantly impact the economy.

Co-funded by the UK-Government

Feedback from government grant assessors

why now?

Most often, the people with the least amount of money end up paying the most for financial services

Most often, the people with the least amount of money end up paying the most for financial services

For example, migrant workers from Senegal are charged an outrageous average of 10% in fees each time they send money home to help their families.  The current financial system is no longer fit for purpose in today’s increasingly globally interconnected and digitized world.

The world’s financial infrastructure is made of outdated and isolated systems

The world’s financial infrastructure is made of outdated and isolated systems

Hampered by the lack of a global standard, major systems have difficulty interacting with one another, leaving them susceptible to numerous inefficiencies.  Even simple transactions often involve multiple intermediaries, each of which add both delays and expense.

80% of national governments and central banks are currently exploring ways to issue their own digital currencies.

80% of national governments and central banks are currently exploring ways to issue their own digital currencies.

Known as Central Bank Digital Currencies (CBDCs), most are overly-focused on domestic policy—a strategy that risks simply replacing today’s siloed, closed-loop financial systems with new ‘digital islands’ where some get ahead, and others are left far behind.

Moreover, surveys show that a majority of the public equate CBDC's with government overreach and an erosion of privacy.

By backing digital currencies with reserves held directly at the central bank, Millicent is creating the world's first suite of synthetic CBDCs (sCBDC), a model regognized by the International Monetary Fund as having significant advantages over direct CBDCs.

We have arrived at a watershed moment in financial services

We have arrived at a watershed moment in financial services

The decisions made today will have far-reaching implications for decades to come. The common set of standards used to build the internet are precisely what allowed it to become a globally used tool for the exchange of information—email likely wouldn't have caught on if people with Gmail accounts couldn't send messages to people with Outlook accounts.  A similar set of standards are required to unite all stakeholders to create a global ‘Internet of Value’, and make sure that everyday people are empowered with a say in how we construct the future of finance.