As part of the song that reconciles the mark assets, the user bank currency, Swiss National Bank (SNB) You have announced the extension and extension Helvetia Project.

Since the second half of 2023, SNB has been providing financial institutions with wholesale central bank digital currency (CBDC) regulations Six numbers exchange Trading and settlement platform.

After an internal assessment, you decide to extend the pilot to at least one year and extend its duration until mid-2027.

This continued do not constitute a commitment to the permanent introduction of wholesale CBDCs.

Meanwhile, SNB is expanding its projects to resolve settlement of token ASET through a traditional central bank currency through real-time summation resolution (RTGS) link.

To support this work, SNB is awarding BX Digital, a financial market infrastructure program that plans to operate a trading venue for token assets, accessing production environment links with existing Swiss interbank transactions (SIC) systems.

Both settlement methods were initially tested in the first phase of the Helvetia project.

Their implementation in real-time production expects to further understand their respective operating benefits and limitations.

Featured Image Source: Swiss National Bank