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 China’s Politburo Validates and Extends Pivot while the US Dollar Sees Yesterday’s Gains Pared
Dirk Niepelt writes “Governments are bigger than ever. They are also more useless”
Marc Chandler writes Run on the Dollar Stalls after the Market Boosted Odds of another 50 bp Fed Cut
Marc Chandler writes China Goes Big, and Market (Initially) Gives it the Benefit of the Doubt
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.