French central bank trials CBDC debt market system

Paris, France

The French central bank has completed a pilot of a blockchain-based CBDC designed for the country’s debt market.

The trial was led by Belgian financial services firm Euroclear using a system developed by US tech giant IBM.

After 10 months of testing and participation from more than 500 institutions in France the trial of a CBDC for government bond deals is now over.

BNP Paribas, Crédit Agricole CIB, HSBC and Société Générale were amongst some of the...

Fluency valued at £17m with CBDC interoperability solution

Bank

Fluency, a CBDC blockchain enterprise platform, has raised £940,000 in seed funding to give it a £17 million valuation.

The company’s Aureum solution is being created to help build and interconnect national CBDC networks with cash retail banking, supporting the transition from cash to a CBDC.

Its smart contract platform enables issuance, distribution and exchange of multiple CBDCs between central banks, commercial banks, merchants, and consumers.

Having...

Nigeria to launch CBDC pilot in October

Nigerian Flag

The Central Bank of Nigeria (CBN) plans to begin its central bank digital currency (CBDC) pilot on October 1, according to Nigerian financial news publication Nairametrics.

According to Nairametrics private sources, Rakiya Mohammed, the bank’s director of information technology, called a webinar last Thursday to confirm the pilot’s start date and emphasise that the CBN could not afford to be left behind in global CBDC development.

The pilot scheme, known as...