Project Jura executes ‘real-life’ cross-border CBDC settlement

“Dual-notary” structure could help protect monetary sovereignty, says Benoît Cœuré

Bank for International Settlements, Basel
Bank for International Settlements, Basel
Photo: BIS

The consortium behind Project Jura successfully settled a “real-life” transfer of securities and cash between France and Switzerland in November.

The group – which includes the Bank for International Settlements, Banque de France, Swiss National Bank and several private firms – declared the experiment a success in a report today (December 8).

Benoît Cœuré, head of the BIS Innovation Hub, told journalists it was rare to see a “concrete use case” for a central bank digital currency operating

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