Posted 11/2/2023, 9:31:00 AM
Swiss Central Bank Partners with SIX Digital Exchange and 6 Banks on Wholesale CBDC Pilot
- Swiss National Bank working with SIX Digital Exchange and 6 commercial banks on wholesale CBDC pilot called Helvetia Phase III
- Pilot will create tokenized Swiss franc for settlement between banks for digital securities transactions
- Participating banks Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, Hypothekarbank Lenzburg, UBS, Zürcher Kantonalbank
- Pilot running December 2023 to June 2024
- Wholesale CBDC used for money transfers between financial institutions, differs from retail CBDC available to consumers