- A “wholesale” CBDC’s goal is to connect the financial market infrastructures and streamline transactions so that digital cash token can be instantly swapped with a token representing another financial asset.
- The prototype included five commercial banks—including Citi and Goldman Sachs—cementing their desire to get into the CBDC space.
The SNB wants to explore using private money as a settlement asset for tokenized transactions.
- The central bank referred to this as ‘private Swiss franc token money’ that would be one-to-one backed at the central bank.