Swiss National Bank Favors Tokenized Assets Over Central Bank Digital Currencies

  • The SNB Chair talks about asset tokenization as a substitute for CBDC.
  • Using tokenized bonds, Project Helvetia III tests wholesale CBDC.
  • SNB investigates the RTGS connection and backed digital currency.

Leading the charge in incorporating state-of-the-art technology within the financial industry is the Swiss National Bank (SNB). SNB Chairman Thomas Jordan announced the bank’s strategic shift to asset tokenization at a recent summit in Basel.

Stay in the know on crypto by frequently visiting Crypto News Today

Leading the charge in incorporating state-of-the-art technology within the financial industry is the Swiss National Bank (SNB). SNB Chairman Thomas Jordan announced the bank’s strategic shift to asset tokenization at a recent summit in Basel.

CryptoCaster Quick Check:

Tokenization of Assets Above CBDCs

Helvetia III is a live pilot project in which participating banks settle tokenized bond transactions on the SIX Digital Exchange (SDX) using Swiss franc wholesale central bank digital currency (CBDC).


Chair Jordan underlined how crucial it is to settle transactions using money from the central bank in order to preserve financial stability. He emphasized how the SNB was a trailblazer in using blockchain technology to boost the financial markets’ operational effectiveness.

“If the tokenisation of assets becomes mainstream, settlement in central bank money will be crucial. This will allow central bank money to maintain its essential role as the anchor of the monetary system and to continue to serve as a safe means of payment,” Jordan stated

Helvetia III is a noteworthy advancement in SNB’s digital innovation. It has successfully facilitated numerous bond issuances and secondary market transactions since its founding in December 2023. This is a significant step toward proving the usefulness of wholesale CBDCs in a practical setting.


In addition, Chairman Jordan covered alternatives to the wholesale CBDC settlement system. These included tying tokenized asset platforms into the Swiss RTGS system and using token money that has been privately issued and is fully backed by sight deposits at the SNB and bankruptcy-protected.

While each approach presents unique governance challenges, they all work toward resolving financial market fragmentation.

The SNB is responding to technological advancements with initiative by looking into tokenization and its possible effects on monetary policy and financial stability. The SNB seeks to identify the best practices for implementing these technologies by evaluating their advantages and disadvantages. Its goal is to make sure that innovation is in line with its mandate to uphold financial and monetary stability.CRYPTOCASTER® - DECENTRALIZED FREEDOM!

We hope you appreciated this article. Before you move on, I was hoping you would consider taking the step of supporting CryptoCaster’s journalism. 

From  Elon Musk, Larry Fink(BlackRock) to Jamie Dimon(JP Morgan Chase) a number of billionaire owners have a powerful hold on so much of the hidden agendas’ which eludes the public concerning the paradigm shift juxtaposed by cryptocurrency and web3 emerging technologies. CryptoCaster is different. We have no billionaire owner or shareholders to consider. Our journalistic efforts are produced to serve the public interest in crypto development and institutional disruptions – not profit motives.

And we avoid the trap that befalls much U.S. and global media – the tendency, born of a desire to please all sides, to engage in false equivalence in the name of neutrality and retail consumer protection. While fairness and transparency dictates everything we do, we know there is a right and a wrong position in the fight against fiat global banking interest and monetary reconstruction precipitated by the emerging crypto ecology.

When we report on issues like the FTX, Binance and Ripple crisis, we’re not afraid to name who or what is uncovered. And as a crypto sentinel, we’re able to provide a fresh, outsider perspective on the global monetary disruption – one so often missing from the insular American and European media bubble. 

Around the world, readers can access the CryptoCaster’s paywall-free journalism because of our unique reader-supported model. That’s because of people like you. Our readers keep us independent, beholden to no outside influence and accessible to everyone – whether they can afford to pay for news and information, or not.

We thankyou for the on-going support our readers have bestowed monetarily. If you have not considered supporting CryptoCaster, if you can, please consider supporting us just once from $1 or more of Bitcoin (satoshi) or Eth, and better yet, support us every month with a little more. Scroll further down this page to obtain CryptoCaster’s wallet addresses.

Thank you.

Kristin Steinbeck
Editor, CryptoCaster

Please Read Essential Disclaimer Information Here.
© 2024 Crypto Caster provides information. does not provide investment advice. Do your research before taking a market position on the purchase of cryptocurrency and other asset classes. Past performance of any asset is not indicative of future results. All rights reserved.

Contribute to CryptoCaster℠ Via Metamask or favorite wallet. Send Coin/Token to Addresses Provided Below.
Thank you!
BTC – bc1qgdnd752esyl4jv6nhz3ypuzwa6wav9wuzaeg9g
ETH – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
MATIC – 0x7D8D76E60bFF59c5295Aa1b39D651f6735D6413D
LITECOIN – ltc1qxsgp5fykl0007hnwgl93zr9vngwd2jxwlddvqt


You may also like