The Swiss National Bank is exploring the synthesis of CBDCs

According to Ledger Insights, the Swiss National Bank (SNB) has taken the lead in launching its pilot wholesale central bank digital currency (wCBDC) for settlement of tokenized securities trading on the SIX digital exchange (SDX). The Swiss National Bank recently released its annual report, which outlines other related activities, including exploring what is sometimes referred to as a synthetic CBDC - a privately tokenized currency supported by central bank funds. The Swiss National Bank describes this tokenized private currency as one of the three options it is considering for DLT settlement. Another type is wCBDC. The third type is the connection between SIC payment system and DLT system, which has been previously tested in its Project Helvetia CBDC exploration. The Swiss National Bank reiterated that it has not yet committed to issuing a permanent wCBDC and is not inclined to adopt any particular solution, but is only evaluating various options at this stage.