Today the Euroclear consortium announced the results of its wholesale central bank digital currency (CBDC) trials with the Banque de France. The group used the CBDC to settle French treasury bond (OAT) transactions.
Other consortium participants included the issuer of French treasuries, Agence France Trésor (AFT), as well as BNP Paribas CIB, Crédit Agricole CIB, HSBC, Societe Generale, with IBM as technology partner using the Hyperledger Fabric enterprise blockchain.
Euroclear concluded that blockchain technology could effectively manage post-trade securities transactions using a CBDC. However, in order to draw definitive conclusions, it believes there need to be trials with real world volumes, and the potential cost savings should to be quantified.
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