On Nov. 2, the Swiss National Bank (SNB) announced a pilot project called Helvetia Phase III that will involve the issuance of a real wholesale CBDC in Swiss francs using distributed ledger technology offered by Six Digital Exchange, a regulated platform.
The participating banks, including Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank, Hypothekarbank Lenzburg, UBS, and Zürcher Kantonalbank, will act as intermediaries for issuers and investors in conducting bond transactions. The settlement of tokenized bonds will be done on a delivery-versus-payment basis using the issued CBDC.
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#undefined [Source: TheDefiant]