Norway expands CBDC research to the wholesale sector

ChainCatcher news, the Norwegian central bank has shared the experimental results of the fourth phase of its central bank digital currency (CBDC). The bank believes that there is currently no need for a retail CBDC, as tokenized deposits can provide an alternative to retail CBDC. Therefore, it will now explore wholesale CBDC for interbank settlement of tokenized deposits. The fifth phase will last until the end of 2025, at which point the central bank's management will have the tools to decide whether to continue the launch of CBDC.