Call for proposals - 2022

The '2022 Call for Proposals' is dedicated to the following theme:

'Application of Distributed Ledger Technology (DLT) to banking, financial, insurance and payment services, with special regard to ensuring: governance reliability and compliance with the applicable provisions and guidelines expressed by the Authorities; robust settlement mechanisms with particular regard to solutions capable of ensuring the final settlement of payments in central bank money; interoperability with other DLT platforms or platforms based on alternative models (e.g. API); certainty and security of operations from a technical and legal standpoint (for example, in terms of transaction finality); and consumer protection.'

Cronology

• The application window closed on 31 January 2023 (see infographics).
• The project selection phase was carried out by an evaluation panel.
• The list of selected projects was published on 17 May 2023. For more details on the projects see Selected projects - Description.
• On 3 July 2023, a kick-off meeting took place at Milano Hub to launch the support phase of the selected projects.
• On December 2023, the Call for Proposals 2022 was closed.
• In the year 2025, the developments of the projects in the twelve months following the end of the support phase were monitored. The activities of the second Call for Proposals of Milano Hub and the main topics addressed during the work are summarized in the related infographic.

Procedure of selection

As with the '2021 Call for Proposals', the projects can be submitted by three different categories of Italian or foreign entities, for each of which there is a dedicated operational area of Milano Hub:

• Fintech Hub: non-bank/non-financial firms (e.g. technology solution providers);
• Innovation Hub: banking, financial and insurance intermediaries;
• Research & Development Hub: universities, research institutions, other entities.

Projects are evaluated based on three criteria:

• 'Relevance', which measures how relevant projects are to the theme of the Call for Proposals;
• 'Value', which includes the following sub-criteria: system relevance and scalability, innovative content, completeness, and sustainability;
• 'Viability', which includes the sub-criteria of feasibility, measurability and security.

The three criteria and their respective sub-criteria will be weighted differently depending on the project's operational area.

For more information, please see the Rules for the 2022 Call for Proposals and the Provisions of the 2022 Call for Proposals.

For any further enquiry or clarification, please contact info@milanohub.bancaditalia.it.

The stages of the Call for Proposals 2022

Annexes

The second Call for Proposals

Second Call for Proposals: support phase, relevant issues and 12-months monitoring