Natixis CIB Participates in French market launch of first Digitally Native Note under French law
The French financial association Paris Europlace brought together key players of France’s financial ecosystem to maintain Paris’ appeal in the digital finance area. On 7 November, the first Digitally Native Note in bearer form under French law was successfully issued by Caisse des Dépôts et Consignations (CDC), facilitated by Euroclear and settled using Banque de France’s DL3S platform for digital currency.
This issuance with a size of EUR 100 million is part of the European Central Bank trials which aim to explore the potential of Distributed Ledger Technology (DLT) for settling wholesale transactions in central bank money. Paris Europlace established a working group with banks and asset managers who rallied around this initiative, contributing to the French market’s pioneering efforts in digital asset securities.
BNP Paribas’ Securities Services business served as the issuing agent, with Crédit Agricole Corporate & Investment Bank and Natixis Corporate & Investment Banking as dealers. The bond was issued on Euroclear’s DLT platform, D-FMI, and settled through Banque de France (BdF) via its DLT solution DL3S. The interoperability solution was co-designed by BdF and Euroclear, highlighting the importance of co-creation between private and public entities for successful adoption. This collaboration marks a significant step towards standardisation and scalability in the digital assets space.
Gabriel Levy
Global Head of DCM
Natixis CIB’s participation in this experiment is a strategic decision aimed at enhancing our capabilities in tokenization and wholesale CBDCs. By leveraging the insights gained from this initiative, we can better serve our clients, strengthen our market position, and contribute to the overall advancement of the financial ecosystem.
