Securities Finance Technology News | LiquidShare Successfully Completes CBDC Test


LiquidShare and the Banque de France have successfully completed an experimental use of central bank digital currency (CBDC) for interbank settlement purposes.

The experiment was conducted by a consortium of participants, who tested delivery versus payment for listed and unlisted securities on the blockchain throughout the securities lifecycle, covering issuance and registration in the secondary market settlement.

Thanks to blockchain technology, all processes have been validated, including the functions of creation, control and destruction of CBDC tokens belonging to the Banque de France.

The consortium, made up of 15 entities and over 45 people, represented a wide variety of participants across the ecosystem, with Euronext acting as the marketplace and Euroclear France as the central securities depository.

Communication between entities has demonstrated the benefits of blockchain technology, such as real-time information sharing and business logic modeling through smart contracts.

It is hoped that this success will be indicative of future achievements in the development of post-trade solutions for digital assets, securities and cash.

Jean-Marc Eyssautier, CEO of LiquidShare, comments: “We are delighted to have been able to demonstrate with the Banque de France and all of our partners our ability to appropriate new technologies and to make all market infrastructures work together. .

“This is a new demonstration of the capacity of the actors of Place de Paris to mobilize and cooperate for an innovative project in close collaboration with communities and infrastructures.

The experiment was conducted by a consortium also composed of AXA Investment Managers, BNP Paribas Securities Services, Caceis Bank, Caisse des Dépôts, CIC Market Solutions, Crédit Agricole Titres, Euroclear, Euronext, Kriptown, La Banque Postale, ODDO BHF Asset Management, OFI Asset Management and Société Générale Securities Services.


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