• Home
  • Login
  • Register
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
SUBSCRIBE
No Result
View All Result
Currency Insider
  • Home
  • Reading Library
  • CBDC Think Tank
Currency Insider
No Result
View All Result

Central Bank Experiments with CBDC Will Drive Securities Onto Blockchain

by CBDC Insider
November 9, 2020
in Business, Europe, US
Reading Time: 1min read
0
Central Bank Experiments with CBDC Will Drive Securities Onto Blockchain
Share on FacebookShare on Twitter

At the end of October, Societe Generale – Forge, the digital capital markets platform of the Societe Generale Group, selected ConsenSys to provide technology and services as part of its central bank digital currency (CBDC) pilot activities.

SocGen wants to build on recent achievements such as the €100 million covered bond it issued as a digital native security token in 2019 and the €40 million covered bond that was settled with CBDC in a joint project with the Banque de France in May.

That was the first example of wholesale securities settlement against cash in the form of CBDC issued by a G7 central bank. However, it mostly took place in a closed loop between different organizations in the Societe Generale Group working on a single technology stack.

RELATED STORIES

Digital Yuan Sales During Lunar New Year Up From Last Year, Online Retailers Say

Digital Yuan Sales During Lunar New Year Up From Last Year, Online Retailers Say

February 2, 2023
Kotak Mahindra Bank Implements RBI’s First Phase of Digital Rupee

Kotak Mahindra Bank Implements RBI’s First Phase of Digital Rupee

February 2, 2023

Jean-Marc Stenger, chief executive of Societe Generale – Forge, tells Euromoney: “We set up Societe Generale – Forge three years ago because we saw coming a fundamental transformation of securities markets onto blockchain infrastructure that brings greater security, speed and efficiency at lower cost.

Read more: https://www.euromoney.com/article/27qaynqc358pqm1q107pc/fintech/central-bank-experiments-with-cbdc-will-drive-securities-onto-blockchain

Previous Post

Norway Central Bank Official Says ‘No Acute Need’ to Introduce a Digital Currency

Next Post

Top 5 Reasons Why Municipalities Should Take Payment in Cryptocurrency

Next Post
Top 5 Reasons Why Municipalities Should Take Payment in Cryptocurrency

Top 5 Reasons Why Municipalities Should Take Payment in Cryptocurrency

© 2022 CBDC Insider

No Result
View All Result
  • Home
  • Map
  • Reading Library
  • CBDC Think Tank
  • Partners
    • DEA
  • Login
  • Register