French and Swiss central banks hail completed wholesale CBDC trial
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finextra.comIt involved the direct transfer of euro and Swiss franc wCBDCs between French and Swiss commercial banks on a single DLT platform operated by a third party. Tokenised asset and foreign exchange trades were settled using payment versus payment and delivery versus payment mechanisms.
The experiment was conducted in a near-real setting, using real-value transactions and complying with current regulatory requirements.The partners say that Jura is novel in two ways. First, it tests a new approach to promote secure, fast and efficient cross-border settlements by extending the safety of central bank money to cross-border settlements between resident and non-resident financial institutions using multiple wCBDCs.Second, it shows a new approach that
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