From the SNB’s press release regarding the newly established BIS Innovation Hub Centre in Switzerland: The Swiss Centre will initially conduct research on two projects. The first of these will examine the integration of digital central bank money into a distributed ledger technology infrastructure. This new form of digital central bank money would be aimed at facilitating the settlement of tokenised assets between financial institutions. Tokens are digital assets that can be transferred from one party to another. The project will be carried out as part of a collaboration between the SNB and the SIX Group in the form of a proof of concept. The second project will address the rise in requirements placed on central banks to be able to effectively track and monitor fast-paced electronic
Topics:
Dirk Niepelt considers the following as important: Bank for International Settlements, Central bank digital currency, Distributed ledger, Electronic market, Innovation Hub Centre, Notes, Swiss National Bank, Token
This could be interesting, too:
Marc Chandler writes Waller Pushes on Open Door: Push for Patience Lifts the Dollar, Complicating Japanese Efforts
Dirk Niepelt writes SNB Annual Report
Marc Chandler writes Heightened Speculation of a BOJ Move Tomorrow did not Stop the Nikkei from Rallying or Yen from Slipping
Fintechnews Switzerland writes SNB Study: Results of the Swiss Payment Methods Survey
From the SNB’s press release regarding the newly established BIS Innovation Hub Centre in Switzerland:
The Swiss Centre will initially conduct research on two projects. The first of these will examine the integration of digital central bank money into a distributed ledger technology infrastructure. This new form of digital central bank money would be aimed at facilitating the settlement of tokenised assets between financial institutions. Tokens are digital assets that can be transferred from one party to another. The project will be carried out as part of a collaboration between the SNB and the SIX Group in the form of a proof of concept.
The second project will address the rise in requirements placed on central banks to be able to effectively track and monitor fast-paced electronic markets. These requirements are arising in particular from the greater automation and fragmentation of the financial markets, but also from the increased use of new technologies.
Thomas Jordan and Agustín Carstens signed the Operational Agreement on the BIS Innovation Hub Centre in Switzerland yesterday.