Swiss National Bank (SNB) conducts first tokenised monetary policy operation.

Swiss National Bank (SNB) conducts first tokenised monetary policy operation.

Swiss National Bank (SNB) conducts first tokenised monetary policy operation.

The SNB has announced that it has become the world’s first central bank to ‘carry out a monetary policy operation in a live production environment’ using distributed-ledger technology (DLT). Token-based SNB bills worth Sfr64 million (USD 72 million) with a one-week term were issued on SDX for liquidity absorption earlier in June.

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