LiquidShare completed the Central Bank Digital Currency experiment
By Joy Dumasia
LiquidShare, a FinTech leveraging blockchain technology to develop solutions for post-market players and its partners, AXA Investment Managers, BNP Paribas Securities Services, Caceis Bank, Caisse des Dépôts, CIC Market Solutions, Crédit Agricole Titres, EUROCLEAR, EURONEXT, Kriptown, La Banque Postale, ODDO BHF, ODDO BHF AM, OFI AM and Société Générale Securities Services successfully completed the experiment on the use of central bank digital currency (CBDC) for interbank settlement purposes.
The consortium formed around LiquidShare covered two use cases: delivery versus payment for both listed and non-listed securities on the blockchain.
The tests span across the entire life cycle of securities, from issuance and registration in the blockchain to secondary market operations’ settlement. It allowed validating all processes throughout the day with, among others, the functions of creation, control and destruction of CBDC tokens vested to the Banque de France.
As a whole, 15 entities and more than 45 participants, representing the entire ecosystem: investors, Euronext as a marketplace, Euroclear France as Central Securities Depository, brokers, custodians (retail and institutional clients), interacted during two days and were able to validate the benefits offered by the blockchain. The experiment’s success also best prepares the development of post-market solutions for digital assets, securities or cash.
According to Jean-Marc Eyssautier, CEO of LiquidShare, “We are delighted to have been able to demonstrate with the Banque de France and all our partners our ability to appropriate new technologies and to have all market infrastructures work together. This is a new demonstration of the Place de Paris players’ capacity to mobilize and cooperate for an innovative project in close collaboration with the authorities and infrastructures.”
Recently, IBS Intelligence reported that LiquidShare, a European FinTech startup, has selected Sextant for Daml, the blockchain and innovative contract management and operations platform provided by Blockchain Technology Partners (BTP), to deliver its post-trade offering.
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