Helvetia III

Cash management - treasury - wholesale central bank digital currency (CBDC) - pilot programme - Switzerland - Swiss National Bank.

Helvetia III is Project Helvetia Phase III, a pilot project of the Swiss National Bank (SNB).

In Helvetia III, the SNB issued real wholesale CBDC in Swiss francs for the first time on a financial market infrastructure based on distributed ledger technology.

See also

• Cash management
• Central bank
• Central bank digital currency (CBDC)
• Distributed ledger
• Infrastructure
• Sight deposits
• Swiss National Bank (SNB)
• Treasury
• Wholesale central bank digital currency (wCBDC)

Other resource

• SNB launches pilot project with central bank digital currency for financial institutions - press release - November 2023