Free Trial

MNI BRIEF: SNB, BdF And BIS In Joint CBDC Payment Experiment

(MNI) LONDON
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 London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
True
MNI London Bureau | +44 20 3983 7894 | luke.heighton@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.