Cryptocurrency Report
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Altcoin
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos
What's Hot

Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs

May 22, 2022

6 Questions for Sonali Giovino of Defiyield – Cointelegraph Magazine

May 22, 2022

NFTs: Empowering artists and charities to embrace the digital movement

May 22, 2022
Facebook Twitter Instagram
  • Advertise
  • Privacy
  • Contact
  • Terms
Facebook Twitter Instagram LinkedIn
Cryptocurrency Report
  • Home
  • News
    1. Bitcoin
    2. Ethereum
    3. Altcoin
    4. View All

    Russian Crypto Regulation Can’t Be Delayed any Longer, Claims Top MP

    May 21, 2022

    G7 Keeps Pushing for Crypto Regulation, Here’s What’s Already Happening

    May 20, 2022

    Terra Honeypot Scam, Blocked Bored Ape NFT Sale, FTX Offers Stocks + More News

    May 20, 2022

    Bitcoin and Ethereum Hold Gains, Altcoins Accelerate

    May 20, 2022

    Crypto Payments on Shopify, Cloudflare Plays With Ethereum, EY & Polygon + More News

    May 20, 2022

    Contradictory Vitalik Buterin Says He Wants a More Bitcoin-like Ethereum

    May 19, 2022

    Bitcoin and Ethereum Look for Direction, ADA and SOL Trim Gains

    May 18, 2022

    Bitcoin and Ethereum Consolidate, ADA, APE, and Multiple Altcoins Rally

    May 18, 2022

    A Curious Coincidence – Major Terra Backers Break Silence on Same Day

    May 20, 2022

    Tether in the Spotlight After USD 9B Worth of Redemptions

    May 20, 2022

    South Korean LUNA Buying Skyrockets, Token Trading at Huge Premium on Domestic Exchanges

    May 20, 2022

    From Silence to Humbling Hell – Major Terra Backers Keep Low Profile as the Small Guy Is ‘the Biggest Loser’

    May 19, 2022

    Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs

    May 22, 2022

    6 Questions for Sonali Giovino of Defiyield – Cointelegraph Magazine

    May 22, 2022

    NFTs: Empowering artists and charities to embrace the digital movement

    May 22, 2022

    Bitcoin targets record 8th weekly red candle while BTC price limits weekend losses

    May 22, 2022
  • Blockchain
  • Analysis
  • DeFi
  • NFT
  • ICO
  • Videos

    The Crypto Metaverse is Growing RAPIDLY! (INSANE MICROSOFT BUY)

    January 18, 2022

    BEST Crypto Safety Guide 101 (Keep Your $$ SAFE with Passphrases)

    January 18, 2022

    SHOCKING: Microsoft Enters the CRYPTO METAVERSE!!! (HUGE $69 Billion CASH Buy)

    January 18, 2022

    URGENT NEWS For Cardano Holders!! (MUST Watch Before Jan 20)

    January 17, 2022

    ⚠️ WARNING To All Bitcoin Holders ⚠️ (Time is RUNNING OUT!!!)

    January 17, 2022
  • bitcoinBitcoin(BTC)
    $42,304.00-0.92% 24H
    BITCOIN
    24H : -0.92%
    Volume : $18,001,823,455.00
    Marketcap : $804,136,324,461.00
  • ethereumEthereum(ETH)
    $3,187.18-1.80% 24H
    ETHEREUM
    24H : -1.80%
    Volume : $11,828,130,842.00
    Marketcap : $383,283,409,099.00
  • tetherTether(USDT)
    $1.000.020% 24H
    TETHER
    24H : 0.020%
    Volume : $42,292,952,195.00
    Marketcap : $82,566,134,570.00
  • binancecoinBNB(BNB)
    $416.19-2.16% 24H
    BNB
    24H : -2.16%
    Volume : $1,421,783,549.00
    Marketcap : $69,948,357,062.00
  • usd-coinUSD Coin(USDC)
    $0.9980.110% 24H
    USD COIN
    24H : 0.110%
    Volume : $3,215,590,549.00
    Marketcap : $50,856,931,622.00
  • solanaSolana(SOL)
    $110.52-1.25% 24H
    SOLANA
    24H : -1.25%
    Volume : $1,326,948,052.00
    Marketcap : $36,230,891,086.00
  • rippleXRP(XRP)
    $0.744-2.62% 24H
    XRP
    24H : -2.62%
    Volume : $2,611,405,064.00
    Marketcap : $35,798,721,281.00
  • cardanoCardano(ADA)
    $1.02-1.97% 24H
    CARDANO
    24H : -1.97%
    Volume : $735,911,632.00
    Marketcap : $32,692,285,870.00
  • terra-lunaTerra(LUNA)
    $87.96-7.21% 24H
    TERRA
    24H : -7.21%
    Volume : $2,091,404,457.00
    Marketcap : $31,224,000,667.00
  • avalanche-2Avalanche(AVAX)
    $79.94-4.23% 24H
    AVALANCHE
    24H : -4.23%
    Volume : $651,461,780.00
    Marketcap : $21,345,345,382.00
  • polkadotPolkadot(DOT)
    $18.98-3.96% 24H
    POLKADOT
    24H : -3.96%
    Volume : $522,492,664.00
    Marketcap : $20,904,948,600.00
  • dogecoinDogecoin(DOGE)
    $0.147-0.35% 24H
    DOGECOIN
    24H : -0.35%
    Volume : $1,709,936,369.00
    Marketcap : $19,528,083,067.00
  • binance-usdBinance USD(BUSD)
    $0.9990.100% 24H
    BINANCE USD
    24H : 0.100%
    Volume : $3,031,521,102.00
    Marketcap : $17,907,585,119.00
  • terrausdTerraUSD(UST)
    $1.000.00% 24H
    TERRAUSD
    24H : 0.00%
    Volume : $710,407,989.00
    Marketcap : $16,759,326,710.00
  • shiba-inuShiba Inu(SHIB)
    $0.000024-0.91% 24H
    SHIBA INU
    24H : -0.91%
    Volume : $622,427,689.00
    Marketcap : $13,391,607,837.00
  • wrapped-bitcoinWrapped Bitcoin(WBTC)
    $42,263.00-1.06% 24H
    WRAPPED BITCOIN
    24H : -1.06%
    Volume : $205,987,180.00
    Marketcap : $11,648,041,723.00
  • crypto-com-chainCronos(CRO)
    $0.437-1.87% 24H
    CRONOS
    24H : -1.87%
    Volume : $43,191,918.00
    Marketcap : $11,045,868,142.00
  • nearNEAR Protocol(NEAR)
    $15.96-4.67% 24H
    NEAR PROTOCOL
    24H : -4.67%
    Volume : $1,001,407,008.00
    Marketcap : $10,603,423,829.00
  • staked-etherLido Staked Ether(STETH)
    $3,182.92-1.85% 24H
    LIDO STAKED ETHER
    24H : -1.85%
    Volume : $8,945,498.00
    Marketcap : $10,259,684,260.00
  • matic-networkPolygon(MATIC)
    $1.43-2.09% 24H
    POLYGON
    24H : -2.09%
    Volume : $379,202,804.00
    Marketcap : $9,786,905,958.00
Cryptocurrency Report
Home » French Central Bank’s Blockchain Bond Trial Brings First Results
Blockchain

French Central Bank’s Blockchain Bond Trial Brings First Results

CryptoReporterBy CryptoReporterJanuary 19, 2022No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
Source: AdobeStock/TMAX

French central bank Banque de France has disclosed the results of its experimental program to use central bank digital currency (CBDC) to exchange and settle tokenised government bonds, potentially paving the way for the technology’s rollout in the country’s debt market.

Per the bank, the experiment confirmed that the blockchain technology allows managing post-trade market operations in CBDC, “subject to the completion of additional testing with real-world volumes,” which would also “provide the data required to make a quantification of the potential efficiency gains and cost savings that a blockchain-based infrastructure could offer for the securities business.”

“The experiment also showed us that blockchain platforms can coexist and interoperate with existing legacy settlement platforms,” according to Euroclear. Central securities depository (CSD) “functionalities can be operated on a permissioned blockchain environment while fully respecting the regulatory rules of control, confidentiality and privacy.”

However, the study also cautions that, before considering the use of a blockchain platform in production, there is still a need to execute real-life volume and performance tests.

The initiative was spearheaded by Belgium’s financial services firm Euroclear with the use of a system designed by the US tech giant IBM. 

Close to 500 institutions took part in the trial, including primary dealers and custodians active in the French market, Euroclear said in a report summarizing the project’s results. These include BNP Paribas and BNP Paribas Securities Services, Crédit Agricole CIB, the UK’s HSBC, and Société Générale.

The experiment’s goals were to verify and assess whether a large range of post-trade functionalities could be run on blockchain, identify the added value of blockchain tech and CBDC for the capital markets from a user point of view, and also to assess the potential next steps.

The “proof of concept” experiment was carried out in a test environment for which both CBDC tokens and Obligations assimilables du Trésor (OAT) securities – government bonds issued by the French Treasury – were natively issued on a blockchain ledger, the report said. The involved banks acted as OAT market players and custodians in the experiment, helping simulate the securities trades.

In the course of the trial, French business daily Les Echos commented that Banque de France is “pursuing its experiments in a rhythm propped by the forerunner of the future digital euro,” making a reference to efforts by the European Central Bank (ECB).

At the same time, the French initiative comes about six months after the European Investment Bank (EIB) launched its first bond sale using the blockchain technology. Last April, the EU institution issued EUR 100m (USD 116.5m) on the Ethereum (ETH) blockchain in cooperation with Spain’s Banco Santander, Société Générale, and the US investment bank Goldman Sachs.

____

Learn more:
– Check Out FSB’s Roadmaps for Stablecoins and CBDCs
– Central Banks Look To Two-Tier Retail CBDC Model Amid Disruption Fears

– The Financial System Is In ‘An Age of Disruption,’ BIS Official Admits
– Central Banks Should Allow Salaries, Social Transfers to be Paid in CBDCs – BIS

– IMF: Issue CBDCs, Improve Cross-border Payments to Counter Crypto’s ‘Phenomenal Growth’
– Visa Testing Regulatory Waters Before ‘Forcing Though’ its CBDC Solution

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Over USD 600M Stolen in Blockchain Bridge Hack as Axie Infinity’s Ronin Exploited

May 4, 2022
iGaming

Stake.com – Crypto Pirate or Pioneer?

March 23, 2022
Crypto Sites

5 Crypto Sites to Watch

February 23, 2022

Caribbean CBDC Stays Down for More Than a Month as Technical Woes Continue

February 22, 2022

JPMorgan on Metaverse, Digital Ruble Trial, Binance Chain Rebrands + More News

February 15, 2022

Samsung Unveils New Digital Wallet with ‘Crypto’ and Digital Documentation Capabilities

February 10, 2022
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs

May 22, 2022

6 Questions for Sonali Giovino of Defiyield – Cointelegraph Magazine

May 22, 2022

NFTs: Empowering artists and charities to embrace the digital movement

May 22, 2022

Subscribe to Updates

Get the latest sports news and analysis about crypto coins and the latest news about domains from Techie Memo.

Advertisement

Your number 1 source for all Cryptocurrency news and analysis. here you can follow all updates and latest rates for all currencies. Visit our about page for more information.

We're social. Connect with us:

Facebook Twitter Instagram YouTube LinkedIn
Top Insights

Cointelegraph Store: Introducing Bitcoin Pizza Day merch for crypto OGs

May 22, 2022

6 Questions for Sonali Giovino of Defiyield – Cointelegraph Magazine

May 22, 2022

NFTs: Empowering artists and charities to embrace the digital movement

May 22, 2022
Get Informed

Subscribe to Updates

Get the latest sports news and analysis about crypto coins.

Facebook Twitter Instagram LinkedIn
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact
© 2022 Cryptocurrency Report. Designed by Sawah Dev.

Type above and press Enter to search. Press Esc to cancel.