In partnership with major financial players such as Crédit Agricole and BNP Paribas, Caisse des Dépôts participated in the issuance of 100 million euros of bonds on the blockchain. Let’s take stock of this strong signal when it comes to tokenization of real-world assets.
Caisse des Dépôts participates in the issuance of bonds on the blockchain
It is no longer a secret that leaders in the financial world are now actively interested in blockchain technologies. In this dynamic, Caisse des Dépôts carried out its first bond issue on the blockchainand this, to the tune of 100 million euros.
If the press release instead speaks of obligations “ digitally native » and distributed registers, this is indeed DL3S which was used, a network built in partnership between IBM and the Banque de Francebased on HyperLedger Fabric technology, as part of experiments around a future digital euro.
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In order to carry out this operation, several leading players were contacted.
Firstly, it is BNP Paribas which positions itself as issuer and payer of these bonds, while for its part, IBCB Luxembourg Branch plays the role of investor. As for their investment, Crédit Agricole Corporate and Investment Bank as well as Natixis Corporate & Investment Banking were involved. These are listed on Euronext Paris, for an AA- rating, assigned by Standard & Poor's.
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In addition to DL3S, which was used for the issuance of said bonds, Euroclear's Digital Financial Markets Infrastructure (D-FMI)also using distributed registers, allowed the creation of this one.
Sebastien Danloy, Commercial Director of Euroclear expressed his enthusiasm for this partnership, and calls on players in his industry to collaborate to reduce the gaps between traditional finance and digital technologies:
We are delighted to support the French financial market in the adoption of digital asset securities.[…] Leveraging our expertise in settlement and post-trade services, we strive to develop efficient, resilient and interoperable digital infrastructures.
👉 Also in the news — JP Morgan will offer instant conversion of dollars into euros using blockchain
Thus, all this work is part of the preparatory phase of a future central bank digital currency (MNBC) within the European Economic Area. This experimental work is expected to last until October 2025, before a potential start of deployment from the following November.
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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