In partnership with the European Investment Bank and Société Générale – FORGE, Banque de France has completed an experiment on the use of a central bank digital currency (CBDC) for settling digital bonds issued by the EIB through blockchain. The experiment consisted of the subscription to EIB-issued digital bonds by investors, for a total amount of EUR100m. Cash settlements were represented by CBDC via blockchain. The experiment was conducted in cooperation with the members of a banking syndicate composed of Goldman Sachs International, Santander and Société Générale. This was the third exercise conducted as part of the CBDC for interbank settlement work program launched by Banque de France in 2020.
