Group tests bond settlement on French CBDC platform
Euroclear says CBDC-driven system can plug into existing market infrastructure
Users of a blockchain-based system driven by the Banque de France’s prototype central bank digital currency (CBDC) have successfully conducted “core securities settlement operations” for government bonds.
A group of banks, market infrastructure providers and government agencies conducted the test jointly as part of the BdF’s research into CBDC. IBM provided the technology for the platform, including a system of “advanced, privacy-preserving tokens” and a hybrid cloud.
The experiment
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