The study involved nearly 5,000 simulated transactions involving two distributed ledgers and existing fiat-based payment platforms. Initial reports confirm conversions between CBDCs and fiat currencies were seamless during the experiments. Over 18 banks and financial institutions participated in the sandbox, including Société Générale (NASDAQ: SCGLF), Royal Bank of Canada (NASDAQ: RY), BNP Paribas (NASDAQ: BNPQF), HSBC (NASDAQ: HSBC), NatWest (NASDAQ: NWG), and Standard Chartered (NASDAQ: SCBFF). Global central banks were not left out of the fray, as the Deutsche Bundesbank, the Monetary Authority of Singapore, and Banque de France also took part in the study. https://coingeek.com/swift-cross-border-cbdc-experiments-show-promise-as-participants-prepare-for-phase-2/