Banque de France tests CBDC with SEBA Bank

June 22, 2021

Banque de France has successfully conducted a Central Bank Digital Currency (CBDC) experiment with SEBA Bank, according to an announcement.

Technologically speaking, Banque de France simulated CBDC issuance on public blockchain, by preserving control and confidentiality of transactions, based on the development and deployment of a dedicated smart contract.

“This experiment made it possible to demonstrate the possibilities of interaction between conventional and distributed infrastructures. It also paves the way for other alliances in order to benefit from the opportunities offered by financial assets in a blockchain environment.” explained Nathalie Aufauvre, General Director of Financial Stability and Operations.

All these operations were conducted in collaboration with SEBA Bank, Banque Internationale à Luxembourg and LuxCSD.

The programme’s other experiments are ongoing until mid-2021 and all the lessons learned will be an important part of the Banque de France’s contribution to the Eurosystem’s more global reflection on the benefits of CBDC.

 

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