Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’

Swiss central bank announces plans for wholesale CBDC pilot with ‘real money’



At a conference in Zurich, Thomas Jordan, the head of the Swiss National Bank (SNB), made an announcement regarding a project. Despite the announcement, the bank remains cautious about implementing a retail central bank digital currency (CBDC).



According to a report, the SNB chair, Thomas Jordan, revealed plans to launch a pilot project for a wholesale CBDC (wCBDC). Reuters reported that Jordan stated the project would commence in the near future. The wCBDC will be issued on the Swiss SIX digital exchange and will run for a limited duration. Jordan made this statement at the Point Zero Forum in Zurich on June 26. It is worth noting that the SIX Group operates Switzerland's largest stock exchange.



According to the report, Jordan emphasized that the pilot project is not merely an experiment, as it involves real money equivalent to


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