• Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
What's Hot

Oppo Find N5 review: Stellar foldable has one big problem

July 30, 2025

The Naked Gun review: Charged with man’s laughter

July 30, 2025

Samsung Galaxy Tab S10 FE+ review: A Galaxy Tab S10+ for less?

July 30, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
  • Fintech
  • Startup
  • Games
  • Ar & Vr
  • Reviews
  • How To
  • More
    • Mobile Tech
    • Pc & Laptop
    • Security
Behind The ScreenBehind The Screen
Home»Fintech»France and Luxembourg complete CBDC experiment
Fintech

France and Luxembourg complete CBDC experiment

November 30, 2022No Comments1 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
EU preps rule for mandatory instant payments in euros
Share
Facebook Twitter LinkedIn Pinterest Email

The central banks of France and Luxembourg have used an experimental CBDC to settle a EUR100 million digital native bond.

The so-called Venus initiative noticed the bond issued by the European Funding Financial institution below Luxembourg legislation, and settled utilizing a tokenised illustration of euro central financial institution cash.

The EIB appointed Goldman Sachs, Santander and Société Générale as banking syndication to difficulty and distribute the digital native bonds.

The bond was issued and registered on a permissioned DLT and the subscriptions have been money settled utilizing experimental CBDC tokens issued on a definite permissioned DLT collectively operated by the central banks.

The companions additionally developed and deployed a trusted message alternate mechanism between DLTs, encompassing a Hashed Time lock Contract protocol, to permit for the simultaneous experimental CBDC tokens switch and digital native bond supply the identical day of the issuance.

Nathalie Aufauvre, basic director, monetary stability and operations, Banque de France says the experiment “reveals how digital property will be issued, distributed and settled inside the Eurozone, in a single day.

“The Venus initiative confirms {that a} well-designed CBDC can play a crucial function within the improvement of a protected tokenized monetary asset house in Europe.”

Source link

See also  Dreame X50 Ultra Complete review
CBDC complete experiment France Luxembourg
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Dreame X50 Ultra Complete review

January 23, 2025

SwitchBuddy for iOS updated with complete game database, customizable gallery, more

March 20, 2023

What Is Quantum Computing? The Complete Startup Guide

February 26, 2023

What Defines Artificial Intelligence? The Complete Startup Guide

February 8, 2023
Add A Comment

Comments are closed.

Editors Picks

Eight Leader-Recommended Tips For Increasing Visibility While Working Remotely

September 29, 2022

Cult-classics Wild Arms’ and Shadow Hearts’ directors join forces for double Kickstarter

August 29, 2022

Wordle’s upgraded Wordlebot has a new recommended starting word

August 18, 2022

A US Agency Rejected Face Recognition—and Landed in Big Trouble

March 22, 2023

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Oppo Find N5 review: Stellar foldable has one big problem

The Naked Gun review: Charged with man’s laughter

Samsung Galaxy Tab S10 FE+ review: A Galaxy Tab S10+ for less?

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.fr - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.