The full scope of the project covered a large range of core securities settlement operations including securities issuance, primary market and secondary market trades, liquidity optimisation mechanisms like repo and interest payments. In total, 500 instructions in both primary and secondary markets were executed during the trial.The trial is part of a wider Banque de France initiative commissioned in March 2020, to test the integration of a central bank digital currency for the exchange and settlement of tokenised financial assets between financial intermediaries.
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