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Core banking systems get CBDC treatment with Project Helvetia
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The test was conducted as part of Project Helvetia, an ongoing investigation into the settlement of tokenised assets with wCBDC Integrating a wholesale central bank digital currency (CBDC) into existing core banking systems is complex and a key prerequisite for issuance. Phase II of Project Helvetia successfully demonstrates that such integration is operationally possible, says Benoît Cœuré, head of the BIS Innovation Hub.“We have demonstrated that innovation can be harnessed to preserve the best elements of the current financial system, including settlement in central bank money, while also potentially unlocking new benefits,” he says.
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