SNB's Jordan: Assets tokenization pilot 'encouraging' - Breaking The News

SNB's Jordan: Assets tokenization pilot 'encouraging'

8 April

1 min read

EPA-EFE/MICHAEL BUHOLZER

Swiss National Bank (SNB) Chairman Thomas Jordan (pictured) said on Monday that although it is still too early to conclude the real results of the pilot of Helvetia III which issues "Swiss franc digital central bank money for financial institutions," it is encouraging to see that so far it allows the SNB to keep control over the central bank digital currency (CBDC).

Speaking in Zurich, Jordan stressed that for central banks to continue keeping control amid possible technological ways to handle money, "central bank money must maintain its role as the anchor of the monetary system and serve as a safe settlement asset that can be used efficiently for payments between financial institutions."

Jordan emphasized that several questions need to be addressed before the financial institution "can make a decision on the introduction of Swiss franc wholesale CBDC."

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