The Bank of France, the French Financial Markets Authority and the Directorate General of the Treasury have launched a strategic market-wide group to identify concrete projects and accelerate adoption of distributed ledger technology (DLT) in financial markets, with the stated aim of improving financing for the French and European economy. Led by Denis Beau (First Deputy Governor of the Bank of France and designated chair of the Prudential Supervision and Resolution Authority), Christophe Bories (Directorate General of the Treasury) and Sébastien Raspiller (French Financial Markets Authority), the group brings together issuers, investors, financial intermediaries and infrastructure providers. Its work will cover private tokenised settlement assets (tokenised deposits and stablecoins) and their interaction with an interbank wholesale central bank digital currency, tokenisation of financial instruments starting with the NEU-CP short-term negotiable debt market, industrial models for DLT-based market infrastructures, and the development of tokenised funds; it will also examine competitiveness and EU financial sovereignty risks from slow adoption, and may feed into the Franco-German workstream on tokenised finance. A report with technical analysis and recommendations is due in summer 2026, and the programme is intended to support the planned availability in autumn 2026 of a wholesale euro central bank digital currency by the Eurosystem’s central banks.
Bank of France 2026-03-12
Bank of France, French Financial Markets Authority and Directorate General of the Treasury launch strategic group to advance tokenised finance
The Bank of France, the French Financial Markets Authority, and the Directorate General of the Treasury have formed a group to advance distributed ledger technology (DLT) in financial markets, enhancing financing for the French and European economy. Led by Denis Beau, Christophe Bories, and Sébastien Raspiller, the group will focus on private tokenised settlement assets, tokenisation of financial instruments, and DLT-based market infrastructures. A report with technical analysis and recommendations is expected in summer 2026, supporting the planned release of a wholesale euro central bank digital currency by autumn 2026.