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MNI (Frankfurt)
FRANKFURT (MNI)

The Swiss National Bank, the Banque de France and the Bank for International Settlements' Innovation Hub are to collaborate on an experiment in cross-border wholesale central bank digital currencies (CBDC), it was announced Thursday.

'Project Jura' will use distributed ledger technology (DLT) to settle transactions between banks in France and Switzerland, exchanging a euro wholesale CBDC against a Swiss franc wholesale CBDC through a payment versus payment (PvP) settlement mechanism.

MNI Frankfurt Bureau | +49-69-720-146 | luke.heighton@marketnews.com
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