Decentral Bank is a project cofounded by Everipedia executives Sam Kazemian and Kedar Iyer which seeks to build a new general-compute blockchain specially designed for central bank issued digital currency, stablecoins, decentralized finance (DeFi) applications, and DLT monetary policy.
On May 1, 2019, Decentral Bank announced the release of its EOSIO UTXO contract module, which allows EOS users to transfer tokens directly from one's keypair and without an EOS account. Using a 'relayer' (an EOS account that acts as a mediator between the two public keys involved in the transaction), the smart contract updates the balance of the appropriate public keys. The relayer then earns a transaction fee, which comes from the public key sending the tokens.
The Decentral Bank software includes system-level smart contract modules for various financial products and monetary policy actions.