The Bank of France announced in March that it conducted its fifth test with the CBDC with a number of investment banks such as BNP Paribas and Euroclear.
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The bank announced today that the test was conducted with blockchain company LiquidShare and involved the issuance and settlement of both unlisted and exchange-traded securities using blockchain technology. Other organizations that took part in the test included Axa Investment Managers, CACEIS Bank, CIC Market Solutions, Crédit Agricole Titres, Euronext, Kriptown, La Banque Postale, Caisse des Dépôts and more.
“This test made it possible to test the integration of issuance and settlement activities, including exchanges in the secondary market,” the central bank said in a statement.
In June, the bank announced a new CBDC test with the Swiss National Bank called “Project Jura”, which includes the bank-to-bank wholesale loan market, not public transactions.
The Bank of France said other testing is ongoing and everything learned will play an important role in its analysis of the benefits of CBDCs.