Banque de France Extends Wholesale CBDC Experiment
The French central bank used a CBDC to simulate the settlement of securities trading.
Make preferred on
Ibahagi ang artikulong ito
Banque de France has extended its testing of the use of a central bank digital currency (CBDC) for the wholesale market.
- 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
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
Why it matters:
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.
