Today the Banque de France announced the completion of another wholesale central bank digital currency (CBDC) experiment. This time it was for securities settlement with a consortium created by blockchain securities startup Liquidshare.
The latest digital euro tests simulated the issuance and settlement of unlisted digital securities on a private ledger and the settlement of listed securities. The payment involved a central bank digital currency. Most of the central bank’s trials to date have focused on settling securities transactions.
A key driver of financial institution need for a CBDC is for on-chain payments either for blockchain-based post-trade systems or end-to-end security token platforms.
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