Blockchain for Banking News

Banque de France tests digital euro CBDC for bonds issued on public blockchain

digital euro

Yesterday the Banque de France announced it had completed a wholesale central bank digital currency (CBDC) transaction test for digital euros with a subsidiary of Société Générale.

Société Générale SFH issued €40 million of covered bonds on a public blockchain. The transaction was settled instantly with delivery versus payment (DvP) using the digital euros.

Last year SocGen issued €100 million in security tokens on Ethereum using its Société Générale Forge platform. However, in that case, the payment was made in the traditional way.

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