Bank of Jamaica (BOJ), during the period July 16, 2020 to August 14, 2020, issued an expression of interest (EOI) inviting technology providers to submit proposals to support testing a central bank digital currency (CBDC) solution in BOJ’s Fintech Regulatory Sandbox. The requirement, inter alia, was for the CBDC solution to enable the bank to conduct all aspects of the currency management process, namely, minting, issuance, distribution, redemption and destruction (if necessary).

At the close of the EOI, 43 responses were received. The evaluation of these responses was conducted in three phases.