🚀Swiss National Bank (SNB) & Swiss Digital Exchange (SDX) are extending their exploration of wholesale central bank digital currencies (CBDCs) for two more years!🎉

The duo's Project Helvetia III, which issued seven digital bonds totaling over 750 million francs ($843 million), was a "resounding success," says David Newns, head of SIX Digital Exchange.

This next phase will see other financial institutions and transaction types added. Tokenization is fueling CBDC experimentation for institutional market participants eager to settle big trading transactions on blockchains.🔗

SNB is focusing on digital cash flow from institutions for wholesale securities settlement, not retail CBDC experimentation. Newns says, "nothing really works like central bank money does, which is why it is the settlement asset that everyone prefers to use whenever possible."

What do you think about this move? Will other central banks follow suit? Let's discuss!👇 #blockchain #CBDC #digitalcurrency