Yesterday, state-owned French development bank Caisse des Dépôts et Consignations (CDC) issued a €100m ($108m) digital bond settled using the Banque de France’s DL3S DLT platform using its pilot wholesale central bank digital currency (wCBDC). The transaction formed part of the European Central Bank’s wholesale DLT settlement trials which are due to end this month.
The Banque de France avoids using the term wholesale CBDC, instead referring to it as a tokenized representation of central bank money.
For the CDC issuance, it required synchronizing the issuance of the digitally native note (DNN) on Euroclear’s D-FMI platform with the settlement on the central bank’s DL3S. The DNN was issued in bearer form under French law.
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