France Trials CBDC, Blockchain for Government Bond Deals: Report

Posted on by American Coins & Gold

France Trials CBDC, Blockchain for Government Bond Deals: Report
France’s central bank has executed a series of bond transactions leveraging blockchain using its own digital currency as part of a 10-month pilot.The Banque de France, along with a consortium of France’s largest financial market participants, executed the transactions using a system developed by U.S.-based IBM.Nearly 500 instructions in both primary and secondary markets were executed, though the value of the transactions has not been disclosed, according to a report Tuesday by the Financial Times.BNP Paribas, Crédit Agricole CIB, HSBC, and Societe Generale made up the consortium.Led by securities depository Euroclear, the pilot also included large French banks as well…