Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
The SNB and Swiss Digital Exchange are extending their exploration of wholesale central bank digital currencies for two more years.
Interest in tokenization is adding momentum to CBDC experimentation for institutional market participants looking to settle big trading transactions on blockchains. As well as the Swiss efforts, there are moves likeThe next phase of the deployment follows the completion this month of Project Helvetia III, which involved the issuance of seven digital bonds totaling more than 750 million francs and was “a resounding success,” according to David Newns, head of SIX Digital Exchange.
Like many other central banks, the SNB is not interested in retail CBDC experimentation, only the digital cash flow from institutions for wholesale securities settlement.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
European markets higher; Swiss National Bank cuts rates ahead of Bank of England decisionEuropean stocks were higher on Thursday, with U.K. investors looking ahead to the Bank of England’s policy rate decision.
Read more »
Swiss National Bank continues rate cuts, says inflation eased againSwiss National Bank continues rate cuts, says inflation eased again
Read more »
The Swiss National Bank: A Forex Trader’s GuideThe SNB is one of the world’s major banks and plays a major role in the trading of currencies. Learn more about the SNB, its monetary policies and how to trade SNB interest rates.
Read more »
USD/CHF slumps to 0.9000 as Swiss Franc strengthens ahead of Swiss InflationThe USD/CHF pair extends its losing streak for the third trading session on Monday.
Read more »
Swiss central bank cuts its main interest rate by 1/4 point, citing easing inflationary pressuresThe Swiss National Bank says it has lowered its main policy rate by a quarter of a percentage point, citing a drop in “underlying inflationary pressure” despite an uptick in some costs like rents, tourism services and oil products.
Read more »
Race to appoint new Swiss central bank chief nears completionRace to appoint new Swiss central bank chief nears completion
Read more »