The French depositary bank issues 100 million euros in digital bonds to pilot wCBDC settlement

2024-11-10 11:08:10

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ChainCatcher news, according to Ledger Insights, the French deposit bank (CDC) recently issued €100 million ($108 million) in digital bonds, using the French central bank's DL3S DLT platform and its pilot wholesale central bank digital currency wCBDC for settlement. This transaction is part of the European Central Bank's wholesale DLT settlement pilot, which will conclude this month.

The French central bank avoids using the term wholesale CBDC, instead referring to it as a tokenized representation of central bank currency. For the issuance by CDC, it needed to synchronize the issuance of digital native notes (DNN) on Euroclear's D-FMI platform with the settlement on the central bank's DL3S. According to French law, DNNs are issued in bearer form.

Additionally, the French pilot CBDC solution has been used for several other digital bond issuances. These include a €30 million sovereign bond issued by Slovenia and small commercial papers issued by Dutch banks, along with several other projects involving simulated DL3S experiments.

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