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Project Helvetia – Settling Tokenised Assets in Central Bank Money

The Swiss National Bank, The Bank for International Settlements’ Innovation Hub (BISIH) Swiss Centre, and SIX Digital Exchange have published the Helvetia report, a two proofs-of-concepts experiment using “near-live” systems to settle digital assets on a distributed ledger with central bank money.  

The initiative demonstrated the feasibility and legal robustness of issuing a wholesale CBDC onto a distributed digital asset platform and linking the digital asset platform to the existing wholesale payment system. The collaboration sets the stage for further joint experimentation and policy work to assess the impact of digital innovation on the future of the financial system.

Cleo Turner
Cleo is DFI's CDFP coach and helps our students with the apply section of the Certified Digital Finance Practitioner (CDFP) program. As part of her role Cleo shares useful resources and insights from a wide variety of sources and authors with our community.