On Thursday, HSBC will be IBM (NYSE:) AnnoucedSuccessful 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. The pilot project of the digital Euro was successful in France and Switzerland, according to previous reports. Swiss Francs and Euro. The two financial institutions cited regulatory concerns as a reason for caution.