Abstract-We propose a new wireless communication architecture for implanted systems that simultaneously stimulate neurons and record neural responses. This architecture can support large numbers of electrodes (>500), providing 100 Mb/s for the downlink of stimulation signals, and Gb/s for the uplink neural recordings. We propose a full-duplex transceiver architecture that shares one antenna for both ultra-wideband (UWB) and the 2.45 GHz ISM band. A new pulse shaper is used for the Gb/s uplink to simplify transceiver design, while supporting several modulation formats with high data rates. To validate our system level design for brain-machine interfaces (BMI), we present an ex-vivo experimental demonstration of the architecture. While the system design is for an integrated solution, the proof-of-concept demonstration uses discrete components. Good bit error rate performance over a biological channel at 0.5, 1, and 2 Gbps data rates for uplink telemetry (UWB) and 100 Mb/s for downlink telemetry (2.45 GHz band) are achieved.Index Terms-Neural recording and stimulating, Full-Duplex, Downlink, Uplink, Ultra-wideband (UWB), ISM, Brain machine interface.