{"id":7412,"date":"2020-05-28T18:07:09","date_gmt":"2020-05-28T16:07:09","guid":{"rendered":"https:\/\/website.iznes.io\/?p=7412"},"modified":"2021-06-03T14:18:19","modified_gmt":"2021-06-03T12:18:19","slug":"les-projets-de-titres-a-lheure-de-la-selection","status":"publish","type":"post","link":"https:\/\/iznes.io\/en\/2020\/05\/28\/les-projets-de-titres-a-lheure-de-la-selection\/","title":{"rendered":"Securities-related projects at the time of selection"},"content":{"rendered":"<section class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1452687555475\"><div class=\"wpb_column vc_column_container vc_col-sm-12 vc_col-lg-9 vc_col-md-9\"><div class=\"vc_column-inner vc_custom_1452702342137\"><div class=\"wpb_wrapper\"><div class=\"vc_custom_heading no_stripe text_align_left\" ><h2 style=\"text-align: left\" class=\"consulting-custom-title\">Securities-related projects at the time of selection<\/h2><\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<p>Article from the<a href=\"https:\/\/website.iznes.io\/wp-content\/uploads\/2019\/09\/Les-projets-de-titres-a\u0300-lheure-de-la-se\u0301lection-AGEFI-HEBDO-Fre\u0301de\u0301rique-GARROUSTE-28-mai-2020.pdf\">AGEFI Hebdo of the 28th of May 2020 - #711<\/a><\/p>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"post_details_wr\">\n    \n<div class=\"stm_post_info\">\n\t<div class=\"stm_post_details clearfix\">\n\t\t<ul class=\"clearfix\">\n\t\t\t<li class=\"post_date\">\n\t\t\t\t<i class=\"fa fa fa-clock-o\"><\/i>\n\t\t\t\tMay 28, 2020\t\t\t<\/li>\n\t\t\t<li class=\"post_by\">Posted by:\t\t\t\t<span>IZNES<\/span>\n\t\t\t<\/li>\n\t\t\t<li class=\"post_cat\">Categories:\t\t\t\t<span>Innovation, MDBC<\/span>\n\t\t\t<\/li>\n\t\t<\/ul>\n\t\t<div class=\"comments_num\">\n\t\t\t<a href=\"https:\/\/iznes.io\/en\/2020\/05\/28\/les-projets-de-titres-a-lheure-de-la-selection\/#respond\"><i class=\"fa fa-comment-o\"><\/i>No Comments <\/a>\n\t\t<\/div>\n\t<\/div>\n\t\t\t<div class=\"post_thumbnail\">\n\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"511\" src=\"https:\/\/iznes.io\/wp-content\/uploads\/2020\/05\/image-1.png\" class=\"attachment-consulting-image-1110x550-croped size-consulting-image-1110x550-croped wp-post-image\" alt=\"\" srcset=\"https:\/\/iznes.io\/wp-content\/uploads\/2020\/05\/image-1.png 768w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/05\/image-1-300x200.png 300w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/05\/image-1-16x12.png 16w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t<\/div>\n\t<\/div><\/div>\n\t<div class=\"wpb_text_column wpb_content_element  vc_custom_1601913900835\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><em>BY <strong>FRE\u0301DE\u0301RIQUE GAROUSTE<\/strong><\/em><br \/>\n<img decoding=\"async\" class=\"wp-image-7413 alignleft\" src=\"https:\/\/website.iznes.io\/wp-content\/uploads\/2020\/10\/10wmt-articleLarge-v4-300x218.jpg\" alt=\"\" width=\"32\" height=\"23\" srcset=\"https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/10wmt-articleLarge-v4-300x218.jpg 300w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/10wmt-articleLarge-v4-350x250.jpg 350w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/10wmt-articleLarge-v4-255x182.jpg 255w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/10wmt-articleLarge-v4.jpg 600w\" sizes=\"(max-width: 32px) 100vw, 32px\" \/><em>@GarrousteFreder<\/em><br \/>\n<em>+ <strong>EMAIL<\/strong> fgarrouste@agefi.fr<\/em><\/p>\n<h3>The prospect of unwinding trade with a central bank currency stimulates initiatives in the quest for the right model.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_empty_space\"   style=\"height: 32px\"><span class=\"vc_empty_space_inner\"><\/span><\/div>\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"column\">\n<p><strong>Guaranteed boiling<\/strong> for the entire blockchain ecosystem with the call for projects from the Banque de France, which received applications until May 15. \"The competition will select up to ten use case experiments using euros issued by the Banque de France via the blockchain for financial exchanges\", recalls Thibaud de Lajudie, partner, Ailancy.<\/p>\n<\/div>\n<div class=\"column\">\n<p>In securities, where the blockchain promises answers adapted to the needs of record keeping and distribution and information reconciliation, experimenting with payment in digital central bank money (MDBC) to settle settlement would represent a decisive step. \"This is a real revolution that will bring simplicity and ease to our operations,\" said Christophe Lepitre, President of Iznes, a blockchain fund record keeping and distribution solution. Such a solution would provide unparalleled security for exchanges.<\/p>\n<blockquote><p>\n\"Instead of involving, as is often the case, an issuer of 'tokens' which represents a counterparty risk, the platform will move securities against central bank money,\" said Jean-Pierre Grimaud, CEO of OFI AM, a shareholder of Iznes and NowCP.\n<\/p><\/blockquote>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>This will encourage projects that are all looking for each other and struggling to mobilize resources. \"The blockchain initiatives on securities and market operations have all fallen behind with the crisis, with players shifting their priorities and postponing planned developments to access these platforms,\" notes Jean-Pierre Grimaud. The Iznes solution has nevertheless been in production for fund unit record keeping and distribution since the fall of 2019. It aims to facilitate access to funds for investors, with a less costly service. Launched in 2017 by six fund managers (OFI AM, Groupama AM, La Financi\u00e8re de l'Echiquier and Ark\u00e9a IS, joined by Lyxor and La Banque Postale AM), the platform saw its blockchain solution operator, Setl, run into difficulties last year and took over the technology internally. It now handles around 20 fund shares and has traded more than \u20ac5 billion since the beginning of the year. Now expected in the short term, the investment firm license should convince new participants.<\/p>\n<blockquote><p>\nLife insurers are very interested in our solution for their unit-linked (UC) offerings because they invest, in open architecture, in the funds of many external management companies that do not necessarily update their fund information, which poses operational problems,\" explains Christophe Lepitre. We are going to start tests with two life insurers. \u00bb\n<\/p><\/blockquote>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<div class=\"vc_row wpb_row vc_inner vc_row-fluid vc_custom_1452700243026\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"page\" title=\"Page 2\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<h5>UNLISTED AND MARKET GROUPS<\/h5>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><img decoding=\"async\" class=\"wp-image-7421 alignright\" src=\"https:\/\/website.iznes.io\/wp-content\/uploads\/2020\/10\/Capture-de\u0301cran-2020-10-05-a\u0300-17.49.21-300x200.png\" alt=\"\" width=\"404\" height=\"269\" srcset=\"https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/Capture-de\u0301cran-2020-10-05-a\u0300-17.49.21-300x200.png 300w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/Capture-de\u0301cran-2020-10-05-a\u0300-17.49.21-1024x682.png 1024w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/Capture-de\u0301cran-2020-10-05-a\u0300-17.49.21-768x511.png 768w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/Capture-de\u0301cran-2020-10-05-a\u0300-17.49.21-600x399.png 600w, https:\/\/iznes.io\/wp-content\/uploads\/2020\/10\/Capture-de\u0301cran-2020-10-05-a\u0300-17.49.21.png 1286w\" sizes=\"(max-width: 404px) 100vw, 404px\" \/><strong>In Luxembourg<\/strong>, FundsDLT entered the same niche in 2016 and has just completed a round of financing with Credit Suisse AM, Clearstream, the Luxembourg Stock Exchange and Natixis IM, which took longer than expected. The platform's very high level of operational security was a critical point in our decision to participate in the project,\" explains Joseph Pinto, Chief Operating Officer of Natixis IM. Using a private version of Ethereum gives the consortium control over node deployment and confidentiality. \"This allows us to look beyond the local framework and accelerate developments. The objective is to increase our resources in order to be in production at the beginning of 2021 with concrete execution of the first use cases in the blockchain,\" announces Olivier Portenseigne, CEO. We have already identified these first uses with our pilot customers. \u00bb<\/p>\n<div class=\"page\" title=\"Page 2\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>Several initiatives exist in unlisted securities. The Forge initiative, fintech launched by Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, is dedicated to bonds and has just tested with the Banque de France a blockchain exchanging MDBC for digital financial securities. The Tokeny initiative aims to \"tokenize\" various underlying securities and has some forty clients in production, issuing or transforming securities into tokens. \"For the moment, the most frequent use is the tokenization of closed-end funds to improve the transferability of shares on the secondary market,\" explains Luc Falempin, founding director of Tokeny. Already active in Asia, fintech acts as a technology supplier and does not preserve the assets it has \"tokenized\".<\/p>\n<p>Projects are also coming from market groups, such as Registraccess, launched by the AFTI (French Association of Securities Professionals) a little over a year ago on movement orders, or Liquidshare (see 'La parole \u00e0...'), whose model is now closer to Tokeny's. \"Originally, Liquidshare's goal was to ensure the holding of positions and the transfer of ownership in DLT of the securities of SMEs traded on Euronext. However, it appeared that participants would have had to make significant investments to connect to the new platform without being able to benefit from real efficiency gains, which called into question the initial project,\" said Eric de Nexon, Director of Public Affairs and Regulation at SGSS, and Laurent Marochini, Head of Innovation at SGSS Luxembourg. Hence the choice to focus on STO ('security token') issues, which represent financial instruments: the asset is encapsulated in a token. \"The solution does not need to create a central depository. So the projects have moved forward even though the technology is still a gamble. \"The cost-saving promise of these innovations remains to be demonstrated, as most block-chain initiatives are in the pilot phase or deployed on a small scale. The operation of a blockchain also has a cost, and it is not necessarily the only answer to improving the operation of post-trade processes,\" recalls Antoine Pertriaux, founder of the Alvae research office.<\/p>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>In fund distribution, DLT solutions would not yet offer the same level of service as custodians. The Iznes platform in Paris or FundsDLT in Luxembourg are transfer agent platforms with registered shares,\" say Eric de Nexon and Laurent Marochini. They are supposed to facilitate the identification of unit holders, provided that they are directly registered on the platform and do not use an intermediary to hold their assets. To date, they are not yet as efficient as CSD (central depository) solutions in terms of the settlement-delivery process. \u00bb<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t\n\t\t<\/div>\n\t<\/div>\n\n\t<div class=\"wpb_text_column wpb_content_element\" >\n\t\t<div class=\"wpb_wrapper\">\n\t\t\t<div class=\"page\" title=\"Page 3\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<h5>REGULATORY FRAMEWORK<\/h5>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p><strong>De facto<\/strong>, suite a\u0300 la difficulte\u0301 des avance\u0301es, un e\u0301cre\u0301- mage des projets s\u2019est ope\u0301re\u0301. \u00ab La blockchain est une technologie prometteuse mais il faut du temps pour construire de vrais projets innovants , indique Philippe Ruault, directeur de l\u2019innovation chezBPSS.Nous pro- ce\u0301dons par priorite\u0301s et avons gele\u0301 le projet Planetfunds, sachant que nous explorons d\u2019autres voies et options pour des solutions interope\u0301rables dans le domaine de la distribution de fonds. Nous participons notamment a\u0300 Registraccess, tre\u0300s spe\u0301cifique, et sommes tre\u0300s investis dans Liquidshare. De me\u0302me, nous de\u0301veloppons de nouveaux services en Australie, base\u0301s sur la transformation de l\u2019Australian Securities Exchange et son partenariat avec Digital Assets Holdings. \u00bb Euronext e\u0301galement mise sur plusieurs projets pour accroi\u0302tre ses chances d\u2019e\u0302tre la\u0300 au moment du succe\u0300s. \u00ab L\u2019inte\u0301re\u0302t d\u2019Euronext pour la blockchain va de pair avec sa strate\u0301gie post- trade, le groupe est actionnaire de Liquidshare et de Tokeny, l\u2019un en utilisant une blockchain prive\u0301e et l\u2019autre publique, ce qui nous offre une vision large de ces infrastructures qui sont encore en phase d&#8217;explorations, indique Pierre Davoust, responsable du de\u0301veloppement chez Euronext. Beaucoup d\u2019initiatives ont e\u0301te\u0301 lance\u0301es ces dernie\u0300res anne\u0301es et il nous semble qu\u2019elles sont moins nombreuses et plus solides a\u0300 pre\u0301sent. \u00bb<\/p>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>They could also one day benefit from a regulatory framework allowing them to take over listed securities. \"The blockchain calls into question the relevance of certain aspects of MiFID 2 and CSDR regulations, the costs of which are significant for the financial sector and ultimately for investors,\" Thibaut de Lajudie points out. This is the idea behind the recommendations made by the Autorit\u00e9 des march\u00e9s financiers in its report last March, suggesting a lighter European framework to allow initiatives to develop.<\/p>\n<div class=\"page\" title=\"Page 3\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\"><\/div>\n<\/div>\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div><div class=\"post_bottom_wr\">\n    <div class=\"post_bottom media\">\n\t<div class=\"tags media-body\"><a href=\"https:\/\/iznes.io\/en\/tag\/blockchain\/\" rel=\"tag\">blockchain<\/a> <a href=\"https:\/\/iznes.io\/en\/tag\/mdbc\/\" rel=\"tag\">cdbc<\/a><\/div>\t<\/div><\/div><\/div><\/div><\/div><div class=\"wpb_column vc_column_container vc_col-sm-3 vc_hidden-sm vc_hidden-xs\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\">\n<div class=\"stm_sidebar\">\n\n            <style type=\"text\/css\" scoped>\n            .vc_custom_1452662185213{margin-bottom: 40px !important;}        <\/style>\n        <section class=\"wpb-content-wrapper\"><div class=\"vc_row wpb_row vc_row-fluid vc_custom_1452662185213\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><div class=\"vc_wp_search wpb_content_element\"><aside class=\"widget widget_search\"><form method=\"get\" class=\"search-form\" action=\"https:\/\/iznes.io\/en\/\" data-trp-original-action=\"https:\/\/iznes.io\/en\/\">\n\t<input type=\"search\" class=\"form-control\" placeholder=\"Search...\" value=\"\" name=\"s\" \/>\n\t<button type=\"submit\"><i class=\"fa fa-search\"><\/i><\/button>\n<input type=\"hidden\" name=\"trp-form-language\" value=\"en\"\/><\/form><\/aside><\/div><div class=\"vc_wp_posts wpb_content_element\">\n\t\t<aside class=\"widget widget_recent_entries\">\n\t\t<h5 class=\"widget_title\">Recent Publications<\/h5>\n\t\t<ul>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/iznes.io\/en\/2026\/02\/10\/delubac-asset-management-choisit-iznes-pour-la-tokenisation-de-son-fonds-monetaire\/\">Delubac Asset Management choisit IZNES pour la tokenisation de son fonds mon\u00e9taire<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/iznes.io\/en\/2025\/11\/20\/iznes-compte-desormais-lbo-france\/\"><a href=\"https:\/\/www.linkedin.com\/company\/iznes\/\">IZNES<\/a> compte d\u00e9sormais <a href=\"https:\/\/www.linkedin.com\/company\/lbo-france\/\">LBO France<\/a><\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/iznes.io\/en\/2025\/09\/12\/un-pas-de-plus-pour-un-croissance-durable-%f0%9f%8c%b1\/\">Un pas de plus pour un croissance durable<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/iznes.io\/en\/2025\/09\/12\/les-benefices-presents-et-futurs-de-la-technologie-blockchain-pour-lindustrie-de-la-gestion-dactifs\/\">Les b\u00e9n\u00e9fices pr\u00e9sents et futurs de la technologie blockchain pour l&#8217;industrie de la gestion d\u2019actifs<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li>\n\t\t\t\t\t<a href=\"https:\/\/iznes.io\/en\/2025\/09\/12\/future-of-finance-awards-2025-best-tokenised-fund-market-infrastructure-n-europe\/\">Future of Finance Awards 2025 : Best Tokenised Fund Market Infrastructure in Europe<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t<\/ul>\n\n\t\t<\/aside><\/div><div class=\"vc_wp_archives wpb_content_element\"><aside class=\"widget widget_archive\"><h5 class=\"widget_title\">Archive<\/h5>\n\t\t\t<ul>\n\t\t\t\t\t<li><a href='https:\/\/iznes.io\/en\/2026\/02\/'>February 2026<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2025\/11\/'>November 2025<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2025\/09\/'>September 2025<\/a>&nbsp;(3)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2025\/02\/'>February 2025<\/a>&nbsp;(2)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2024\/12\/'>December 2024<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2024\/09\/'>September 2024<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2024\/03\/'>March 2024<\/a>&nbsp;(4)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2024\/01\/'>January 2024<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2023\/09\/'>September 2023<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2023\/06\/'>June 2023<\/a>&nbsp;(3)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2023\/04\/'>April 2023<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2023\/03\/'>March 2023<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2023\/02\/'>February 2023<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2023\/01\/'>January 2023<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2022\/12\/'>December 2022<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2022\/11\/'>November 2022<\/a>&nbsp;(2)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2022\/09\/'>September 2022<\/a>&nbsp;(2)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2022\/04\/'>April 2022<\/a>&nbsp;(3)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2022\/02\/'>February 2022<\/a>&nbsp;(2)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2022\/01\/'>January 2022<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/12\/'>December 2021<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/11\/'>November 2021<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/09\/'>September 2021<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/07\/'>July 2021<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/06\/'>June 2021<\/a>&nbsp;(2)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/05\/'>May 2021<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/04\/'>April 2021<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2021\/01\/'>January 2021<\/a>&nbsp;(3)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2020\/12\/'>December 2020<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2020\/08\/'>August 2020<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2020\/07\/'>July 2020<\/a>&nbsp;(3)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2020\/05\/'>May 2020<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2020\/04\/'>April 2020<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2020\/02\/'>February 2020<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2019\/10\/'>October 2019<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2019\/07\/'>July 2019<\/a>&nbsp;(1)<\/li>\n\t<li><a href='https:\/\/iznes.io\/en\/2019\/05\/'>May 2019<\/a>&nbsp;(1)<\/li>\n\t\t\t<\/ul>\n\n\t\t\t<\/aside><\/div><div class=\"vc_wp_categories wpb_content_element\"><aside class=\"widget widget_categories\"><h5 class=\"widget_title\">categories<\/h5>\n\t\t\t<ul>\n\t\t\t\t\t<li class=\"cat-item cat-item-117\"><a href=\"https:\/\/iznes.io\/en\/category\/asset-management\/\">Asset Management<\/a> (8)\n<\/li>\n\t<li class=\"cat-item cat-item-119\"><a href=\"https:\/\/iznes.io\/en\/category\/coopetition\/\">Coopetition<\/a> (1)\n<\/li>\n\t<li class=\"cat-item cat-item-20\"><a href=\"https:\/\/iznes.io\/en\/category\/economics\/\">Economics<\/a> (1)\n<\/li>\n\t<li class=\"cat-item cat-item-112\"><a href=\"https:\/\/iznes.io\/en\/category\/fintech\/\">FinTech<\/a> (5)\n<\/li>\n\t<li class=\"cat-item cat-item-118\"><a href=\"https:\/\/iznes.io\/en\/category\/fund-distribution\/\">Fund Distribution<\/a> (9)\n<\/li>\n\t<li class=\"cat-item cat-item-28\"><a href=\"https:\/\/iznes.io\/en\/category\/innovation\/\">Innovation<\/a> (19)\n<\/li>\n\t<li class=\"cat-item cat-item-29\"><a href=\"https:\/\/iznes.io\/en\/category\/international\/\">International<\/a> (3)\n<\/li>\n\t<li class=\"cat-item cat-item-113\"><a href=\"https:\/\/iznes.io\/en\/category\/mdbc\/\">MDBC<\/a> (4)\n<\/li>\n\t<li class=\"cat-item cat-item-135\"><a href=\"https:\/\/iznes.io\/en\/category\/press-release\/\">Press Release<\/a> (29)\n<\/li>\n\t<li class=\"cat-item cat-item-1\"><a href=\"https:\/\/iznes.io\/en\/category\/uncategorized\/\">Uncategorized<\/a> (2)\n<\/li>\n\t\t\t<\/ul>\n\n\t\t\t<\/aside><\/div><\/div><\/div><\/div><\/div>\n<\/section>    \n<\/div><\/div><\/div><\/div><\/div><div class=\"vc_row wpb_row vc_row-fluid\"><div class=\"wpb_column vc_column_container vc_col-sm-12\"><div class=\"vc_column-inner\"><div class=\"wpb_wrapper\"><\/div><\/div><\/div><\/div>\n<\/section>","protected":false},"excerpt":{"rendered":"<p>The prospect of unwinding trade with a central bank currency stimulates initiatives in the quest for the right model.<br \/>\nBoiling point guaranteed for the entire blockchain ecosystem with the call for projects from the Banque de France, which received applications until May 15. \"The competition will select up to ten use case experiments using euros issued by the Banque de France via the blockchain for financial exchanges\", recalls Thibaud de Lajudie, partner, Ailancy.<\/p>","protected":false},"author":2,"featured_media":8283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28,113],"tags":[122,114],"class_list":["post-7412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-innovation","category-mdbc","tag-blockchain","tag-mdbc"],"_links":{"self":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts\/7412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/comments?post=7412"}],"version-history":[{"count":5,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts\/7412\/revisions"}],"predecessor-version":[{"id":7432,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/posts\/7412\/revisions\/7432"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/media\/8283"}],"wp:attachment":[{"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/media?parent=7412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/categories?post=7412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iznes.io\/en\/wp-json\/wp\/v2\/tags?post=7412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}