Banque de France (BdF), Swiss National Bank (SNB) and Bank for International Settlements’ (BIS) Innovation Hub have completed Project Jura, an experiment in cross-border wholesale CBDC, in collaboration with Accenture, Credit Suisse, Natixis, R3, SIX Digital Exchange and UBS. Project Jura explored cross-border settlement of tokenised assets in wholesale central bank digital currencies (wCBDCs) on a DLT-enabled platform. It involved DvP of tokenised commercial paper issued under French law against a EUR wCBDC and PvP of a EUR wCBDC against a CHF wCBDC. These transactions were settled between banks domiciled in France and Switzerland.
