The Swiss National Bank (SNB) is exploring new ways to use tokenized assets to settle transactions, Bloomberg reported. The SNB's wholesale CBDC runs on the infrastructure of Swiss stock market provider SIX, allowing banks to use tokenized central bank currencies to settle transactions, such as buying bonds on the same platform. This eliminates credit risk and enables users to take advantage of digital assets, potentially offering features such as programmability. SNB President Jordan said at a Bank for International Settlements conference on Monday that the SNB is looking at two new ways to settle transactions, each with its own advantages and disadvantages. Jordan did not make it clear whether the SNB's pilot CBDC project would continue after the current end date of June. He said earlier that the project has successfully promoted innovation in transaction settlement so far.
