Project Helvetia proves central banks can use tokenised assets – BIS
Benoît Cœuré says project marks “the beginning of the further evolution of central banking”
A joint project between three Switzerland-based financial institutions proved that tokenised assets can be integrated into existing settlement systems, the Bank for International Settlements says.
The BIS’s Zurich-based innovation hub worked on “Project Helvetia” with the Swiss National Bank and Six, Switzerland’s financial markets infrastructure consortium. The project was based on the Six Digital Exchange, or SDX, which plans to launch soon.
SDX will offer “issuance, trading, settlement
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