French Central Bank tested the national digital currency

The regulator experimented with securities issued by the European Investment Bank on the Ethereum blockchain

The Bank of France settled digital bonds issued by the European Investment Bank on the Ethereum blockchain in the national digital currency (CBDC). According to the regulator, this was technically implemented by creating smart contracts in the blockchain to issue and control the circulation of digital euro tokens.

The transfer of CBDC occurred simultaneously with the delivery of digital securities to the bank and to investors’ portfolios. The Bank of France plans to conduct additional experiments in the coming months to evaluate other ways of using the nation’s digital currency in interbank settlements.

The issue of digital bonds worth 100 million euros by the European Investment Bank on the Ethereum blockchain became known on April 28. The sale of securities was managed by Goldman Sachs, Banco Santander and Societe Generale.

The European Investment Bank is a state financial and credit institution of the European Union, the authorized capital of which is formed by contributions of the member countries of the association.