Share this article
BTC
$83,258.37
-
0.71%ETH
$1,803.41
-
0.67%USDT
$0.9998
+
0.02%XRP
$2.1440
+
0.61%BNB
$592.76
-
0.79%SOL
$119.64
-
2.54%USDC
$1.0002
+
0.02%DOGE
$0.1687
-
1.45%ADA
$0.6540
-
0.93%TRX
$0.2377
-
0.52%LEO
$9.1343
-
0.43%LINK
$12.81
-
1.08%TON
$3.2548
-
4.67%XLM
$0.2517
-
3.04%AVAX
$17.83
-
1.90%SHIB
$0.0₄1235
+
0.31%SUI
$2.2131
-
2.11%HBAR
$0.1618
-
1.46%LTC
$82.62
-
2.08%OM
$6.2605
-
0.07%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Banque de France Extends Wholesale CBDC Experiment
The French central bank used a CBDC to simulate the settlement of securities trading.
Banque de France has extended its testing of the use of a central bank digital currency (CBDC) for the wholesale market.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- The latest experiment involved a CBDC used to simulate the settlement of securities using TARGET2-Securities (TS2), the European Central Bank engine for instantaneous settlement, an announcement Monday said.
- The French central bank simulated CBDC issuance on a public blockchain, harnessing a dedicated smart contract to trigger delivery of the securities.
- The experiment was conducted in collaboration with Swiss digital-asset bank SEBA and Luxembourg private bank Banque Internationale à Luxembourg.
- Banque de France has been experimenting with CBDCs for wholesale purposes, focusing on bank-to-bank transactions rather than the retail market.
- In January the French central bank completed the interbank settlement of around €2 million on a private blockchain provided by U.K. startup SETL.
- Earlier this month, it partnered with the Swiss National Bank to start a joint cross-border CBDC experiment dubbed "Project Jura" for the wholesale-lending market.
Read more: European Central Bank Can Better Protect Digital Payment Privacy, Exec Board Member Says
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
