Banque de France CBDC project uses blockchain to settle transactions

The Banque de France and Societe Generale said they have successfully settled securities using a prototype wholesale central bank digital currency (CBDC) earlier this month.

The BdF said on May 20 it had used its blockchain network to settle the transactions using its “digital euro” prototype.

The French commercial bank said its securities arm, Societe Generale SFH, had issued €40 million ($43.9 million) of covered bonds as “securities tokens” registered on a public blockchain network on May

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