The Banque de France publishes a report on its experiments with wholesale Central Bank Digital Currency (CBDC), conducted in 2020 and 2021

The report covers nine experiments, selected from close to 40 proposals, which were conducted as of September 2020 in conjunction with domestic and international private sector players, as well as other central banks and public authorities. Numerous technological partners were also involved, enabling the experiments to explore a broad range of technologies

LiquidShare and its 14 partners, AXA Investment Managers, BNP Paribas Securities Services, Caceis Bank, Caisse des Dépôts, CIC Market Solutions, Crédit Agricole Titres, EUROCLEAR, EURONEXT, Kriptown, La Banque Postale, ODDO BHF, ODDO BHF AM, OFI AM and Société Générale Securities Services successfully successfully conducted in June 2021 the experiment on the use of central bank digital currency (CBDC) for interbank settlement purposes.
The consortium formed around LiquidShare covered 2 use cases: delivery versus payment for both listed and non-listed securities on blockchain.
The tests span across the entire life cycle of securities, from issuance and registration in the blockchain to secondary market operations’ settlement. It allowed to validate all processes throughout the day with, among others, the functions of creation, control and destruction of CBDC tokens vested to the Banque de France.
All operations were carried out in strict line with the expected deadlines and scenarios.
As a whole, 15 entities and more than 45 participants, representing the entire ecosystem: investors, Euronext as marketplace, Euroclear France as Central Securities Depository, brokers, custodians (retail and institutional clients), interacted during two days and were able to validate the benefits offered by the blockchain (access to the same immutable source of information, real-time information sharing, modelization of business logic thanks to smart contracts…).

to access the report, click here

to access the press release, click here

Our latest