Tag "Project Helvetia"

Project Helvetia Successfully Integrates DLT-Backed Wholesale CBDC Into Existing Core Banking Systems

In Switzerland, Phase II of Project Helvetia has been completed, successfully demonstrating that it is possible to integrate a wholesale CBDC (wCBDC) running on a distributed ledger technology (DLT) platforms into existing core banking systems. Kickstarted in 2020, Project Helvetia

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BIS Backs the Development of Central Bank Digital Currencies

The Bank for International Settlements (BIS) said in an annual report that it backs the development of central bank digital currencies (CBDCs). The Annual Economic Report 2021 said that CBDCs are “moving from concept to practical design and renew the

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BIS, Swiss National Bank and SIX Complete Pilot for Wholesale Digital Currency Project

The Bank for International Settlements’ Innovation Hub (BISIH), the Swiss National Bank (SNB) and the financial infrastructure operator SIX announced the successful completion of a joint proof-of-concept (POC) for its wholesale central bank digital currency (CBDC). Dubbed as Project Helvetia,

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