Swiss National Bank to Collaborate with Commercial Banks and SDX on Wholesale CBDC Pilot
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework.
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework.
TASE’s strategic partnership with Fireblocks comes as the result of a broader vision set forth by the stock exchange.
The decision to prioritize wholesale CBDCs, which involve tokenized securities, showcases the SNB’s commitment to thoroughly assess and manage any associated risks before considering the introduction of retail CBDCs.
The digital-only bond from UBS will be issued on the blockchain-based platform of SIX Digital Exchange (SDX). The bond will come with instant settlement facility.
The program is expected to improve the financing capabilities of Chinese companies in the foreign market while boosting their brand awareness and influence.
The CEO of LMAX David Mercer noted the significance of the new development to the crypto space.
BIS, Swiss National Bank, and SIX Exchange wrapped up a successful CBDC experiment with participation from select commercial banks.
SBI Digital Asset Holdings partners with SIX Digital Exchange to leverage crypto explosion in Singapore, further catering to the Asia-Pacific.
It remains a policy decision whether the Swiss National Bank would go ahead with the launch.
The ETP product is set to complement CoinShares’ strategy in pushing Bitcoin into the mainstream cycle of adoption.