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Blockchain is proving to be a viable solution for post-trade market activities, according to a Euroclear experiment

 

For the settlement of French Treasury Bonds on a test blockchain, Euroclear successfully tested central bank digital currency (CBDC). In this experiment, Banque de France commissioned Agence France Trésor, BNP Paribas CIB, HSBC, and SocGen to provide their expertise. Euroclear has conducted an experiment to investigate if permissioned blockchains can be used for post-trade procedures. To enable securities settlement in central bank money and manage French Treasury Bonds, it found CBDC useful (OATs). With the help of Euroclear and the Banque de France, a ground-breaking project has been undertaken to see if issuing CBDCs can provide fast and secure settlement of tokenized securities. In spite of the fact that Euroclear still sees the conclusion as promising, it concedes that more work remains before it can be considered for use in production.

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