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 […]
Banque de France plans pilot wholesale CBDC rollout for 2023
Original Source: Ledger Insights In a speech yesterday, François Villeroy de Galhau, the Governor of the Banque de France outlined the central bank’s expansion of its work on a wholesale central bank digital currency (CBDC). He wants the central bank to be ready to support the EU’s DLT pilot regime for tokenized securities which comes into force on 23 […]
Digital finance: agreement reached on European crypto-assets regulation (MiCA)
Banque de France, Bank for International Settlements and Swiss National Bank conclude successful cross-border wholesale CBDC experiment
Unlocking $120 Billion Value In Cross-Border Payments: How banks can leverage central bank digital currencies for corporates
Updated Guidance for a Risk-Based Approach to Virtual Assets and Virtual Asset Service Providers
