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SEBA Bank, partners complete CBDC experiment with Banque de France

Tuesday 22 June 2021 10:03 CET | News

SEBA Bank and its partners Banque Internationale à Luxembourg and LuxCSD have successfully completed their CBDC experiment with Banque de France.

The alliance, led by SEBA Bank, performed the Delivery vs Payment of a listed security with TARGET2-Securities as delivery platform in test environment and CBDC tokens issued by the Banque de France. The confidentiality of transactions was achieved through a protocol that makes use of zero-knowledge proofs in order to encrypt and obscure the values of the CBDC transactions over a public Blockchain.

As a result, the participants successfully demonstrated the ability of distributed ledger technologies to communicate with the Eurosystem’s settlement platform TARGET2-Securities for the settlement of listed securities. The success of this experiment will be an important element of contribution to the Eurosystem’s global reflection on the benefits of CBDC and blockchain technologies to improve payment and settlement of transactions.


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Keywords: central bank, CBDC, blockchain
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: Europe
This article is part of category

Blockchain & Cryptocurrencies