Thursday will see the HSBC and IBM (NYSE:) AnnouncementSuccessful testing of an advanced token-and digital wallet settlement in cloud environments between two central banks digital currencies or CBDCs. Transactions between CBDCs, eBonds and forex were part of the experiment. R3 Enterprise Technology provider Corda and IBM Hyperledger Fabric were the foundations of the distributed ledger used to facilitate the transactions.

This project was overseen and managed by the Banque de France, a central bank in France. It is part of a number of tranche projects that will implement a digital Euro. An earlier pilot program of digital currency implementation was reported by the Swiss and French central banks. Swiss Franc and Euro. However, both financial institutions expressed caution due to regulatory concerns.