Caisse des Dépôts et Consignations (CDC) has issued France’s first digital native note as part of European Central Bank trials to settle wholesale transitions in central bank money.
A working group of banks and asset managers, established by Paris Europlace, participated in the initiative. BNP Paribas’ Securities Services was the issuing agent, while Crédit Agricole Corporate and Investment Bank and Natixis Corporate & Investment Banking served as dealers.
The €100 million note was issued through Euroclear’s D-FMI DLT platform and settled using Banque de France’s digital currency platform DL3S. Euroclear facilitated the issuance, and worked with the Banque de France to design the interoperability solution.
Sebastien Danloy, chief business officer at Euroclear, commented: “It is crucial for participants, including financial market infrastructures and central banks to collaborate in bridging the gap between traditional finance and digital asset securities.”
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