France, Luxembourg test CBDC for 100 million Euro bond issue

France and Luxembourg have used an experimental central bank digital currency (CBDC) to settle a bond worth 100 million euros (US$104 million), the latest in a series of trials in tokenized financial markets.

The Initiative “shows how digital assets can be issued, distributed and settled within the eurozone, in a single day” and ” confirms that a well-designed CBDC can play a critical role in the development of a safe tokenised financial asset space in Europe.