SNB carries out first tokenised monetary policy operation

Central bank issued $72 million in bonds on DLT settled in wholesale CBDC

Swiss National Bank (SNB)
Jennifer Delaney

The Swiss National Bank (SNB) has become “the world’s first central bank” to carry out a monetary policy operation using distributed ledger technology, it announced today (June 20).

Token-based SNB bills worth Sfr64 million ($72 million) with a one-week term were issued on SDX for liquidity absorption earlier in June. SDX, or the Six Digital Exchange, is where the SNB has been providing wholesale central bank digital currency (CBDC) for settlement of digital assets.

SNB chairman Thomas Jordan said

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