A few months ago, the Banque de France issued a call for participants for a wholesale or institutional central bank digital currency trial, for the clearing and settlement of tokenized digital assets.
Today it announced the participants will be Accenture, Euroclear, HSBC, fund management platform Iznes, Liquidshare, ProsperUS, Seba Bank and Société Générale (SocGen) Forge. Two months ago the Banque de France said it completed a wholesale CBDC test transaction with Société Générale on Ethereum for a €40 million covered bond. And Liquidshare, which plans to tokenize SME shares, is backed by SocGen as well as Euroclear, BNP Paribas and Euronext.
The Bank says the trial will involve three aspects. The exchange of CBDC for digital assets or crypto-assets, to test “the rules” in CBDC for cross border payments, and revisit the process of distributing central bank digital currency. The results will be shared.
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