The Bank of France and the Swiss National Bank are teaming up with the Bank for International Settlements’ Innovation Hub to test a wholesale central bank digital currency (CBDC) system dubbed “Project Jura.”
According to a release by the Bank of France on Thursday, the Project Jura pilot study will also draw participation from a private consortium led by global service company Accenture (NYSE:ACN). Other establishments in the private consortium include Credit Suisse (SIX:CSGN), UBS, SIX Digital Exchange and R3.