Swiss National Bank and stock exchange SIX have decided to team up to understand and explore the ways to make central bank digital money available. This step is taken by the firms to make that money available for trading and helping in settlements among financial market players.
The buying and selling of these assets based on digital ledger technology have the potential to remove the risk and help create economic opportunities. This initiative is a part of the innovation hub for financial technology that the Bank of International Settlements had decided to set up earlier this year in collaboration with the SNB. The centers for the hubs will be based in Hong Kong and Singapore.
