IZNES chosen by the Banque de France to carry out fund unit transactions for the first time in digital central bank money

As part of the experimentation programme led by the Banque de France, more than ten transactions on fund units, for a total amount of more than two million euros, were carried out in December 2020 on the IZNES platform using central bank digital currency (CBDC).

This is the first settlement of fund units using CBDC.

These operations were carried out on the IZNES platform in collaboration with SETL, CITI, CACEIS, Groupama AM, OFI AM and DXC, in strict compliance with existing regulations.

To this end, IZNES, the sole European operator of a platform for subscribing and redeeming fund units on a private blockchain, designed and developed with its partners a portal accepting CBDC tokens and upgraded the operational platform within three months.

SETL a fourni la technologie DLT ainsi que la technologie à la base de l’émission et du rachat des jetons MNBC, en liaison avec l’équipe technologique de la Banque de France et d’IZNES. DXC a supervisé les questions de sécurité.

CITI and CACEIS acted as commercial banks to use CBDC tokens created by the Banque de France. CACEIS also acted as custodian of the "Groupama Entreprises" fund. Groupama AM acted as fund manager, while OFI AM and SETL acted as proprietary investors.

Each player was thus able to assess the value of a CBDC in the fund distribution value chain, and to experiment with simpler, faster and even more secure processes.