The Swiss National Bank (SNB) is championing asset tokenization as a strategic alternative to central bank digital currencies (CBDCs). SNB Chair Thomas Jordan revealed this shift during a Basel summit, highlighting tokenization as a means to maintain financial stability while enhancing transaction efficiency. Project Helvetia III exemplifies this approach by utilizing tokenized bonds and Swiss franc wholesale CBDCs in real-world settlements, positioning the SNB at the forefront of digital innovation in finance.
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