Banque de France and HKMA to Collaborate on Wholesale CBDC and Tokenization Effort
Last week, the Banque de France (BDF) and the Hong Kong Monetary Authority (HKMA) unveiled a significant partnership focused on the development of wholesale central bank digital currency (CBDC). This collaboration represents the HKMA’s participation in the second phase of the European Central Bank (ECB)’s Eurosystem exploratory work. It marks a pivotal moment as the […]
European Central Bank Advances Digital Euro Project to Preparation Phase
The European Central Bank (ECB) is gearing up to bolster the euro’s digital future. In an announcement made today, the ECB disclosed its decision to transition into the next stage of the digital euro project, marking the commencement of the preparation phase. This development comes on the heels of an extensive investigation phase that began […]
Project Mariana: Final Report Confirms Successful Cross-Border Trading Of Wholesale Central Bank Digital Currencies (wCBDC)
The Bank for International Settlements (BIS) in collaboration with the central banks of France, Singapore, and Switzerland has successfully trialed cross-border transactions using wholesale central bank digital currencies (wCBDC). This was revealed in a report released on Thursday. You can download it here. Under the banner of Project Mariana, a prototype was developed using simulated […]
Banque de France Reveals Wholesale CBDC Experiment Findings Using DLT Technology
The Banque de France has released new conclusions and lessons learned from its wholesale central bank digital currency (wCBDC) experiments using distributed ledger technologies (DLTs). Building on the initial report published in 2021, these findings contribute to the Eurosystem’s exploration of how wholesale financial transactions recorded on DLT platforms could settle in central bank money. […]
CBDCs on the horizon: The current state of CBDC initiatives around the world
Source: Cointelegraph Central bank digital currencies (CBDCs) have long been a topic of contested discussion, having often been met with a predominantly negative response in the crypto community. However, despite the skepticism, CBDCs undeniably serve as a significant use case for blockchain technology. BDCs distributed through blockchain technology can provide cheaper, faster and possibly more […]
SocGen digital asset unit launches EUR stablecoin
Source: Finextra SG-Forge, the digital asset division of French bank Societe Generale, has launched a euro-denominated stablecoin on the ethereum public blockhain. Dubbed the EUR CoinVertible, the asset is designed to bridge the gap between traditional capital markets and the digital assets ecosystem. The coin could be put to use as a settlement asset for […]
Successful testing paves way for CBDC use cross-border
Source: Swift Central and commercial banks see “clear potential and value” in Swift’s pioneering CBDC interoperability solution, following successful testing in a sandbox environment. Central bank digital currencies (CBDCs) are clearly gaining momentum. But as central banks around the world continue to explore the potential use of central bank-backed digital money in their local markets, […]
France, Luxembourg Test CBDC for 100M Euro Bond Issue
Source: Coindesk France and Luxembourg have used an experimental central bank digital currency (CBDC) to settle a bond worth 100 million euros (US$104 million), the latest in a series of trials in tokenized financial markets. The Venus Initiative “shows how digital assets can be issued, distributed and settled within the eurozone, in a single day” […]
BIS and central banks of France, Singapore and Switzerland to explore cross-border CBDC trading and settlement using DeFi protocols
Source: BIS The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralised Finance (DeFi) protocols as part of its 2022 work programme. Project Mariana explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore dollar wholesale CBDCs. It will seek to examine the potential […]
French Central Bank CBDC Projects Aim to Manage DeFi Liquidity, Settle Tokenized Assets
Source: Coindesk The Banque de France Tuesday announced new projects to achieve the benefits of central bank digital currencies (CBDCs) used at a wholesale level by banks and financial markets. “A wholesale CBDC could significantly contribute to improving cross-border and cross-currency payments,” Villeroy de Galhau, a governor at the Bank of France, the country’s central […]
