Bridging services · run by Banque de France
DL3S full DLT interoperability (Banque de France)New
One of the three solutions in the Eurosystem's 2024 wholesale DLT trials: transactions on a market DLT platform settle against central bank money held in DLT-based accounts on DL3S, the Banque de France's own ledger. Euroclear and the Banque de France co-designed the link to Euroclear's D-FMI, first used for Caisse des Dépôts' EUR 100 million note, and Société Générale swapped Ethereum-issued bonds for DL3S central bank money in a repo with the Banque de France. The trials ended in November 2024 and the approach was folded into Pontes.
How it works: Atomic swap or settlement · Trust: Single operator · Website
Networks supported 3
From the service's own documentation. Networks not yet in the register are left out.
Deployments using it 2
| Deployment | Status | Assets | Use cases | Last reviewed |
|---|---|---|---|---|
| Euroclear D-FMI digitally native notes (multi-issuer)Updated 28 Oct 2026 Euroclear Digital Securities Issuance (D-SI) | Live (limited) | Reviewed 14d ago | ||
| Eurosystem exploratory work on wholesale DLT settlement in central bank moneyUpdated 28 Oct 2026 European Central Bank | Inactive | Reviewed 24d ago |
Dated connections
- DL3S↔EthereumPilot since 2024-12-13 · performed
- DL3S↔Euroclear D-FMIPilot since 2024-11 · performed
Sources
- [1]Exploratory work on new technologies for wholesale central bank money settlement — European Central Bank. Accessed 14 Oct 2026.A
- [2]D-FMI: Digital Financial Market Infrastructure — Euroclear. Accessed 14 Oct 2026.B
- [3]France issues first digitally native note under Eurosystem's DLT trials — PostTrade 360, 12 Nov 2024. Accessed 14 Oct 2026.C
- [4]Societe Generale successfully completed a first repo transaction on public blockchain with the Banque de France — Société Générale, 13 Dec 2024. Accessed 14 Oct 2026.B
- [5]Full-DLT interoperability solution (Banque de France) — Focus Session — European Central Bank, 15 Dec 2023. Accessed 16 Oct 2026. DvP/PvP across DL3S (cash tokens) and a market DLT, relying on a hashed time-lock contract (HTLC) for atomic settlement..A