According to the update of the mBridge project released on the BIS official website, 23 central banks, as well as the International Monetary Fund (IMF) and the World Bank, are observing the initiative. So far, 11 out of 25 observer members have participated in the sandbox, allowing participants to simulate mBridge nodes and transactions. mBridge has an inclination towards the Asia/Middle East region, and the observer members have shown the same pattern. Its participants come from various continents, including six from Asia (Indonesia, South Korea, Malaysia, Nepal, the Philippines, and Turkey) and five from the Middle East (Bahrain, Egypt, Jordan, Israel, and Saudi Arabia). The representative of the United States is the New York Innovation Center, which is affiliated with the New York Federal Reserve Bank. There are also five EU member states among the mBridge observers, including very influential members. In addition, mBridge plans to launch a minimum viable project in the middle of next year.