BNP Paribas succeeds in DLT settlement solutions test
13 December 2024 US
Image: Siam/stock.adobe.com
BNP Paribas has successfully tested three wholesale settlement solutions on DLT platforms.
The tests, which were carried out with Banque de France, Deutsche Bundersbank and Banca d’Italia, utilised BNP Paribas’ Neobonds tokenisation platform to trial digital asset and cash settlement solutions on distributed ledger technology (DLT).
The company says that this marks a significant milestone in digital asset adoption for financial institutions, and may bring enhanced transparency to transactions that are conducted via blockchain technology.
Commenting on the tests, Yann Gérardin, chief operating officer and head of corporate and institutional banking at BNP Paribas, states: “BNP Paribas' active participation in the ECB's experimentation programme demonstrates the group's commitment to driving the digitalisation of European financial markets and supporting financial stability.”
The tests, which were carried out with Banque de France, Deutsche Bundersbank and Banca d’Italia, utilised BNP Paribas’ Neobonds tokenisation platform to trial digital asset and cash settlement solutions on distributed ledger technology (DLT).
The company says that this marks a significant milestone in digital asset adoption for financial institutions, and may bring enhanced transparency to transactions that are conducted via blockchain technology.
Commenting on the tests, Yann Gérardin, chief operating officer and head of corporate and institutional banking at BNP Paribas, states: “BNP Paribas' active participation in the ECB's experimentation programme demonstrates the group's commitment to driving the digitalisation of European financial markets and supporting financial stability.”
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