The Bank for International Settlements (BIS), with the participation of the Bank of Switzerland and the SIX Swiss Exchange, has successfullytested the central bank's wholesale digital currency (CBDC).
BIS confirmed that CBDC can be used for tokenized assets calculations.
As part of the testing, Helvetia participants explored the legal and technical feasibility of a digital asset transaction.They compared the production of the DLT-based wholesale CBDC and its integration with the existing wholesale payment system.
The tests showed the benefits of wholesale CBDC and paved the way for further experiments.Their goal will be to assess the impact of digital currency issuance on the future of the financial system.Benoit Kere, head of BIS Innovation Hub, said:
"If the wholesale CBDC is to realize its potential as a new means of calculation, then their structure and consequences deserveGiven the speed of digital transformation, central banks must learn to make informed policy decisions quickly."
It should be noted that the experiment did not test retail CBDC or their analogues.
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