Working alongside some of the country’s biggest private banks, the Banque de France ran over 500 transactions during the CBDC pilot.
The trial involved using the CBDC to simulate the settlement of listed securities in a test environment. Banque de France partnered with Swiss bank SEBA as well as two Luxembourg institutions.
The memorandum is aimed at removing barriers to firms looking to operate interchangeably between the two markets.
The central bank ran a transaction involving settling €40 million of bonds issued as security tokens in exchange for digital euros.