SNB to explore wCBDC settlement for monetary operations

Project Helvetia allows safe and efficient settlement, says governor, but retail CBDC is risky

Thomas Jordan
Thomas Jordan
Louis Rafael Rosenthal

The Swiss National Bank is exploring how wholesale central bank digital currency (wCBDC) can be used in monetary operations, chairman Thomas Jordan said on April 8.

The SNB has been trialling wCBDC through Project Helvetia, which entered a third phase in December.

“The pilot makes the SNB the first central bank worldwide to issue central bank money in tokenised form on a regulated third-party financial market infrastructure,” Jordan said.

The central bank will explore how to conduct monetary policy

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