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Bank of France Carries Out Fifth CBDC Experiment With BNP Paribas, Euroclear
“This experiment made it possible to test the integration of issuance and settlement activities, including exchanges on the secondary market,” said the Bank of France.
The Bank of France said it carried out its fifth experiment with central bank digital currency (CBDC) in March with a number of investment banks such as BNP Paribas and the clearinghouse Euroclear.
STORY CONTINUES BELOW
- In an announcement Monday, the bank said the experiment was conducted with the European blockchain firm LiquidShare and involved the issuance and settlement of both unlisted and listed securities using blockchain technology.
- Other organizations involved in the experiment include Axa Investment Managers, CACEIS Bank, CIC Market Solutions, Crédit Agricole Titres, Euronext, Kriptown, La Banque Postale, Caisse des Dépôts, among others.
- “This experiment made it possible to test the integration of issuance and settlement activities, including exchanges on the secondary market,” said the Bank of France.
- In June, the bank announced a new CBDC experiment with the Swiss National Bank dubbed “Project Jura,” involving the bank-to-bank wholesale lending market, not public transactions.
- The Bank of France said its other experiments are ongoing, and all the lessons learned will play an important part in its analysis of the benefits of CBDCs.
Read more: Bank of France, Swiss National Bank Begin Cross-Border CBDC Experiment
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
