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17 January 2021

Swiss Wholesale CBDC Trial Shows 'Feasibility' for Central Bank Money on Distributed Ledger, BIS Says - CoinDesk

Swiss Wholesale CBDC Trial Shows 'Feasibility' for Central Bank Money on Distributed Ledger, BIS Says - CoinDesk


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Swiss Wholesale CBDC Trial Shows 'Feasibility' for Central Bank Money on Distributed Ledger, BIS Says.

Launched by the Swiss National Bank (SNB) in collaboration with BIS’ Innovation Hub and Swiss stock exchange operator SIX, the project looked into the feasibility of using a wholesale central bank digital currency (CBDC) to settle digital assets as well as link DLT platforms to existing payment systems. .

The report added that while integrating DLT into existing payment systems would be a relatively simple approach and would resemble the current system, it would also cut back on efficiencies raised by integrated tokenized central bank money and securities because it would function more like a link than a common base. 

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