While a CBDC can serve multiple purposes, Project Lithium is particularly focused on the needs of the financial services industry, such as how a CBDC could benefit the clearing and settlement of securities. For example, the project aims to demonstrate direct, bilateral settlement of cash tokens in real-time delivery-versus-payment (DVP) settlement.
Source: https://www.coindesk.com/business/2022/04/12/financial-services-company-dtcc-working-with-digital-dollar-project-on-cbdc-prototype/?utm_medium=referral&utm_source=rss&utm_campaign=headlines