Société Générale issued EUR 40 million worth of covered bonds as security tokens on May 14, 2020, which were then settled in the central bank’s blockchain-based digital euros. Banque de France said it will now conduct more tests with other players part of its ongoing experiments with digital euro.
Banque de France launched its digital euro experimental program in April 2020, aiming to explore the potential of digital currency in tokenized financial assets, but not wanting to replace coins and banknotes.
The European Central Bank also once said that it is willing to issue its own digital currency if the private sector fails to make cross-border payments faster and cheaper.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.