Société Générale Completes First Repo on Public Blockchain
Société Générale uses digital securities and blockchain-based CBDC to complete a collateralized market transaction with Banque de France successfully. The National Bank of France, the Banque de France, and Société Générale, the country’s third-largest bank by total assets after BNP Paribas and Crédit Agricole, have finished a blockchain-based repo deal. The transaction featured bonds produced […]
Bank Exec Says CBDC is Foundation for Global Monetary System
The First Deputy Governor at Banque de France supports Central Bank digital currency (CBDC), promoting it as a foundation of the new international monetary system. In a 3 October speech, Denis Beau, First Deputy Governor of the Banque de France, referred to the CBDC as the “catalyst for enhancing cross-border payments by facilitating the development […]
Banque de France Unveils Results of Wholesale CBDC Tests
The French Central Bank, the Banque de France has unveiled the results of extensive testing involving wholesale Central Bank Digital Currency (wCBDC). Twelve different experiments that were conducted over the course of three years in cooperation with several European central banks, commercial banks, and fintech partners made up the experiment. It aimed to evaluate several […]