In March 2020 the French Central bank, Banque de France, launched a wholesale Central Bank Digital Currency (“CBDC”) experiment program to test the integration of CBDC in innovative procedures for the exchange and settlement of tokenised financial assets between financial intermediaries1. A consortium of banks led by Euroclear was selected to assess the potential of post-trade capital market settlement operations in CBDC for French Sovereign Debt Securities (OAT2). The Euroclear CBDC securities settlement experiment was set up together with the major participants in the OAT activity including Agence France Trésor ( ... (full story)