The French central bank concluded an experiment on how to use a central bank digital currency – CBDC –  to settle and deliver listed securities on a public blockchain, it said in a statement on Monday. The news comes shortly after France and Switzerland agreed to test the feasibility of a cross-border CBDC.

Seba said the project illustrated that distributed ledger technologies an communicate with Target2, a real-time payment settlement platform in Europe. The Swiss digital asset bank worked alongside Banque Internationale à Luxembourg and LuxCSD, the central securities depository owned by the Banque Centrale du Luxembourg and Clearstream, in the Banque de France effort. 

Two weeks ago, the French central bank and the Swiss National Bank enlisted a private sector consortium led by Accenture, including Credit Suisse, Natixis, R3, SIX's digital exchange the SDX, and UBS for «Project Jura,» as their experiment is dubbed.