French Central Bank Trials Digital Currency for Interbank Settlement
Article summary
UTC French Central Bank Trials Digital Currency for Interbank Settlement Banque de France has successfully conducted a central bank digital currency (CBDC) experiment using a blockchain platform for interbank settlement. The French bank used SETL’s fund management platform Iznes, along with Citi, CACEIS, Groupama AM , OFI AM , and DXC, as part of the process for the first settlement of funds using CBDC. […] Francois Villeroy de Galhau, governor of the Banque de France, has spoken openly of the potential benefits in the development and issuance of the CBDC. In 2020, the French bank published a request for proposals for CBDC “experiment” applications. The project’s aim was to help France’s central bank understand the risks and mechanisms of CBDCs and also contribute to the eurozone’s digital cash conversation.
