HomeServicesCompanyInsightsCareersContactE-Banking
Sign up for our newsletter
Receive insights on the current developments at SEBA and stay ahead of the curve with our well-founded in house research papers.
First name
Last name
Email address
Continue
Back to news
News release
Tuesday, 21 July, 2020

Banque de France announces candidates for testing integration of Central Bank Digital Currency (CBDC)

Zug, 21 July 2020 – SEBA Bank, a FINMA licenced Swiss Bank providing a seamless, secure and easy-to-use bridge between digital and traditional assets, today announces that they have been selected by Banque de France for experiments with Central Bank Digital Currency (CBDC). Banque de France announced the overview of candidates for their experiment. SEBA Bank is proud to see that Banque de France selected SEBA Bank amongst well-established and well-known international banks for its pilot project on how CBDCs can be distributed and used for cross-border payments to improve the functioning of financial markets.

The lessons learned from these experiments will constitute a direct contribution to the more global reflection conducted by the Eurosystem on the benefits of a CBDC. These experiments also illustrate Banque de France's commitment to innovation, which was recently chosen to host, with the Deutsche Bundesbank and the European Central Bank, a new joint innovation center in Europe within the framework of the Innovation Hub of the Bank for International Settlements.

Following the examination of the applications received on 15 May 2020 in response to the call for applications for experiments in interbank settlements launched by the Banque de France, the following eight companies were selected (in alphabetical order):

  • Accenture
  • Euroclear
  • HSBC
  • Iznes
  • LiquidShare
  • ProsperUS
  • SEBA Bank
  • Société Générale

The experiments proposed by the successful candidates will allow (i) to explore new methods of exchanging financial instruments against central bank money, (ii) to test the regulation in central bank digital money in order to improve the conditions of execution of cross-border payments and (iii) revisit the methods of making central bank money available. In due course Banque de France will start to collaborate with each of the eight candidates in order to carry out the pilot projects over the coming months.

“We at SEBA Bank are very proud of this achievement, and to be selected by Banque de France honors us. It is a proof of concept that our service offering and deep expertise of the industry is of great value and a relevant contribution to develop the eco system of digital currencies and assets.” states Guido Bühler, CEO SEBA Bank.

Share:

Insights

more
News release
SEBA Bank appoints Päivi Rekonen as Chair to its Board of Directors
25 September, 2020
Päivi Rekonen joins SEBA Bank as Chair to the Board of Directors with immediate effect taking over from Sébastien Mérillat, Chair ad interim. The Board of Directors is further strengthened with the appointment of Hans Kuhn and Sanjeev Karkhanis.
Read more
Research report
Are blockchains that safe? How to attack them and how to prevent these attacks (Part 1)
24 September, 2020
In this edition of The Bridge, we explore some well-known attacks which are commonly used to compromise blockchain networks and discuss how consensus mechanisms such as Proof of Stake and Proof of Work may offer some (if limited) preventative measures to combat attacks.
Read more
Research report
Which crypto-asset regulation for the European Union?
17 September, 2020
In recent years, several European Union (EU) member states have developed their own crypto-asset regulations. The EU is now poised to introduce a single market regulation for crypto-assets.
Read more
Stay up to date with all SEBA company news and updates.
Subscribe to newsletter

Join us as we redefine finance.

Contact us
seba

SEBA Bank AG
Kolinplatz 15
6300 Zug
Switzerland

ServicesCompanyNews & InsightsCareersContact
Receive the newest insights, research and news from SEBA directly to your inbox
Newsletter subscription
© 2020 SEBA Bank AG