Project Helvetia: Settling tokenised assets in central bank money

Project Helvetia, an experiment between the Bank for International Settlements Innovation Hub Swiss Centre, the Swiss National Bank (SNB) and the financial market infrastructure operator SIX, successfully shows the feasibility of integrating tokenised assets and central bank money.

The collaboration sets the stage for further joint experimentation to assess the impact of digital innovation on the future of the financial system.

“Irrespective of which technologies the financial markets adopt next, the safety and reliability of Swiss financial infrastructure must be preserved. If DLT can deliver significant improvements in securities trading and settlement, then the SNB will be prepared,” said Andréa M. Maechler, Member of the Governing Board of the SNB.

Press release SNB 03.12.2020

Press release BIS 03.12.2020