The Swiss National Bank, in collaboration with the SIX digital trading platform and six banks, has launched a wholesale CBDC pilot

ChainCatcher news, the Swiss National Bank has launched a wholesale CBDC pilot in collaboration with the SIX digital trading platform and six commercial banks. The pilot project is named Helvetia Phase III and aims to create a tokenized version of the Swiss franc for transactions between financial institutions on the SDX for digital securities trading. The commercial banks involved in this collaboration include Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, Hypothekarbank Lenzburg, UBS, and Zürcher Kantonalbank. The pilot will run from December 2023 to June 2024.