PANews reported on March 22 that according to ledgerinsights, the Swiss National Bank (SNB) took the lead in launching its pilot wholesale central bank digital currency (wCBDC) for settling tokenized securities transactions on the SIX Digital Exchange (SDX). The Swiss National Bank recently released its annual report, which outlines other related activities, including exploring what is sometimes called a synthetic CBDC - a private tokenized currency backed by central bank funds.
The SNB described the tokenized private currency as one of three options it is considering for DLT settlement. Another is a wCBDC. The third is a connection between the SIC payment system and a DLT system, which it has previously experimented with in its Project Helvetia CBDC exploration.
The SNB reiterated that it has not yet committed to issuing a permanent wCBDC and is not leaning towards one solution over another, but is simply evaluating various options at this stage.
