Bank Of France Conducts CBDC Trial With BNP Paribas And Euroclear

The Bank of France recently announced that it conducted its 5th pilot with central bank digital currency in the month of March with a couple of investment banks including BNP Paribas and the clearinghouse Euroclear.

In a recent announcement, the bank mentioned that the experiment was carried out with the European blockchain firm LiquidShare and involved the issuance and settlement of unlisted as well as listed securities with the help of blockchain technology.

Other institutions involved in the trial include CACEIS Bank, Axa Investment Managers, La Banque Postale, CIC Market Solutions, Kriptown, Crédit Agricole Titres, Euronext, Caisse des Dépôts and more.

Regarding the development, the Bank of France said,

“This experiment made it possible to test the integration of issuance and settlement activities, including exchanges on the secondary market.”

Last month, the bank declared a new central bank digital currency trial with the Swiss National Bank called “Project Jura.” The project involved the bank-to-bank wholesale lending market, not public transactions.

The Bank of France mentioned that its other pilots are being done, and all the lessons learned will play a crucial part in its analysis of the advantages of Central Bank Digital Currencies.