Jaime Pradenas has extensive experience designing and executing projects at the intersection of finance and technology. Jaime leads initiatives focused on DLT technology, tokenization, CBDCs, and next-generation market infrastructures. He holds a master’s degree in financial management and is a Civil Industrial Engineer with a minor in Computer Science.

 The Central Bank of Chile is an autonomous technical body whose task is to ensure the stability of the currency, and the level of inflation. It also promotes the stability and efficiency of the financial system, guaranteeing the normal functioning of internal and external payments.

Building to Understand: What a Central Bank learns when it builds the Platform

Lessons from the Central Bank of Chile's wholesale tokenised reserves proof of concept. The Bank built and operated its own permissioned DLT network, managing the full lifecycle of tokenised reserves and debt securities with atomic DvP. Building, rather than evaluating, revealed issues visible only to an operator: token standard that expose balances by design, contracts that cannot act independently, and oracles that introduce failure points outside the system. Most importantly, privacy proved to depend on who operates the infraestructure, not on the ledger itself. The question becomes even more pressing as network nodes are distributed among participants over time.