The Swiss National Bank's digital assessment has been finalized and will continue to monitor future asset income.

The Swiss National Bank recently announced that it has successfully conducted a test operation in the mid-term digital currency bank (hereinafter referred to as "wCBDC") referred to as "Helvetia" by the company. However, at the same time, the national bank confirmed that the "Helvetia" project is still in the research phase, and the completion of this experiment does not mean the announcement of the digital banking company.

In a short time, two wCBDC trials in Switzerland were carried out in stages. In December last year, the International Conference of Financial Institutions announced that it had completed the wCBDC test through a border agreement called “Jura” with France and the Swiss National Bank. (Key link: Europe's first wholesale central bank digital currency project has been successfully tested and is expected to herald new models for cross-border trade)

The "Jura" project mentioned above provides cross-border dialogue on foreign exchange, security and other financial products by creating a third platform to use the euro and the Swiss franc wCBDC and token financial instruments for trade cross-border. Connections using New payment method case scenarios.

Although slightly different from the "Jura" project, the experimental focus of the "Helvetia" project is close to the tokenized trading scenario in Switzerland. The project started in the fourth quarter of last year and ended on the Swiss cryptocurrency exchange (SIX Digital Exchange), the Swiss Real-Time Aggregate Litigation System, Swiss Interbank Clearing and Core. Financial Institutions (SIX Interbank Clearing and Core Banking System), We test the wCBDC application in advantageous conditions such as cross-border bank payment, financial management and cross-border transactions.

The participants in this project are the Bank for International Settlements (BIS), the Swiss National Bank (SNB), the Swiss Stock Exchange Group (SIX) and five companies: Citi, Credit Suisse, Goldman Sachs, Hypotekarbank Lenzburg and UBS. included.

Andrea Maechler, Member of the Board of Directors of the SNB, said that to fulfill their role as guarantor of financial and monetary security, central banks must comply with the progress of technological change. Thanks to the beneficial phase of the "Helvetia" project, SNB realized that it could extend the security of wCBDC to a token market.

SNB noted that the integration and implementation of wCBDC in existing enterprises is difficult and a prerequisite for development, and the completion phase is carried out by Helvetia project is proof of the successful work of this integration. Going forward, we will continue to explore the application of wCBDC in tokenized tool solutions.