šš Buckle up, blockchain buffs! The Swiss National Bank (SNB) and Swiss Digital Exchange (SDX) are extending their digital currency exploration for two more years. They're not just playing with Monopoly money here, folks! They've issued seven digital bonds worth over $843 million! š°š°
šš They're diving into the deep end of DeFi, looking to settle tokenized securities through a wholesale central bank digital currency (CBDC). And they're not alone - other big players are joining the party, adding momentum to CBDC experimentation. š
š§š The next phase is set to be a game-changer. With the successful completion of Project Helvetia III, they've built a bridge into traditional finance. The result? Participating members have tripled! š
š¦š¼ But don't get too excited, retail investors. The SNB is only interested in the big boys' club - institutional digital cash flow for wholesale securities settlement.
š¤š” They considered other options, like trigger mechanisms or stablecoin deposits, but nothing beats good old central bank money.
šš¬ So, what's your take on this? Are CBDCs the future, or just a passing fad? Let's get the conversation started in the comments! #DeFi #Web3 #blockchain #CBDCs
