Cryptocurrency

Bank of France Announces Conducting CBDC Test with BNP Paribas and Euroclear

France Central Bank announced in March that it conducted its fifth test with CBDC with a number of investment banks such as BNP Paribas and Euroclear.

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The bank announced today that the test was conducted with blockchain company LiquidShare and involves the issuance and settlement of both unlisted and listed securities using blockchain technology. Other organizations that took part in the test included Axa Investment Managers, CACEIS Bank, CIC Market Solutions, Crédit Agricole Titres, Euronext, Kriptown, La Banque Postale, Caisse des Dépôts and more.

“This test made it possible to test the integration of issuance and settlement activities, including exchanges in the secondary market,” the central bank said in a statement.

In June, the bank announced a new CBDC test with the Swiss National Bank called “Project Jura”, which involves the wholesale bank-to-bank loan market, not public processes.

The Bank of France said other tests are ongoing and anything learned will play a valuable role in the analysis of the benefits of CBDCs.

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