---
title: "CBDC Research Collaboration Agreement"
ocid: "ocds-b5fd17-67c65e5b-0c3f-4b3e-a32b-c8b17d945d2f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-67c65e5b-0c3f-4b3e-a32b-c8b17d945d2f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-67c65e5b-0c3f-4b3e-a32b-c8b17d945d2f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-67c65e5b-0c3f-4b3e-a32b-c8b17d945d2f.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "BANK OF ENGLAND"
published: "2023-09-12"
---

# CBDC Research Collaboration Agreement

Buyer: BANK OF ENGLAND  
Current stage: Award  
OCID: ocds-b5fd17-67c65e5b-0c3f-4b3e-a32b-c8b17d945d2f

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## Summary

The Bank of England has awarded a contract for a twelve-month research collaboration on CBDC with MIT Media Lab in the field of Software packages and information systems. The contract is valued at £88,066 and involves exploring technical and regulatory aspects related to privacy and personal data protection. The procurement method used was a Single tender action below the threshold, and the tender period ended on 9th February 2023, with the contract period starting on 10th February 2023.

This opportunity for business growth in the services category caters to businesses interested in CBDC research collaborations, especially those well-versed in software systems and information technology. The buying organization, Bank of England, located in London, initiated this tender, providing a chance for suitable suppliers to engage in innovative research projects. Businesses looking to expand in the realm of financial technology or digital currencies would find this tender particularly relevant for their growth strategies and expertise.

## Notice

This contract with MIT Media Lab's Digital Currency Initiative is for a twelve-month research collaboration focused on exploring the technical and regulatory affordances to achieving privacy and protecting personal data across a central bank digital currency (CBDC) platform.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/87c2d9e3-4d2c-496a-8c40-9fb8d26be7e3 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Sep 2023 |
| Submission deadline | 9 Feb 2023 |
| Future notice date | Not specified |
| Award date | 10 Feb 2023 |
| Contract period | 10 Feb 2023 - 29 Jan 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £88,066 |
| Lots value | Not specified |
| Awards value | £88,066 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | BANK OF ENGLAND |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2R 8AH |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Walbrook |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MASSACHUSETTS INSTITUTE OF TECHNOLOGY |

## CPV Codes

### Divisions

- 48 - Software package and information systems

### Codes

- 48000000 - Software package and information systems

## Release History

- 12 Sep 2023 at 13:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/87c2d9e3-4d2c-496a-8c40-9fb8d26be7e3

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/87c2d9e3-4d2c-496a-8c40-9fb8d26be7e3
  12th September 2023 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-67c65e5b-0c3f-4b3e-a32b-c8b17d945d2f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-67c65e5b-0c3f-4b3e-a32b-c8b17d945d2f.json.