Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector

Swiss, French Central Banks to Trial Wholesale CBDC Settlements With BIS and Private Sector


The central banks of Switzerland and France are joining hands with the Bank for International Settlements to test wholesale central bank digital currencies in cross-border transactions. The experiment will be conducted with the help of a private sector consortium led by Accenture.

European Central Banks to Collaborate on CBDC Project

The Swiss National Bank (SNB), Banque de France, and the Bank for International Settlements (BIS) Innovation Hub have announced this week they’ll cooperate on trials exploring the use of wholesale central bank digital currencies (CBDCs) for cross-border settlements. The tests will be supported by an Accenture-led private sector consortium that also includes Credit Suisse, Natixis, R3, SIX Digital Exchange, and UBS.

#BISInnovationHub @banquedefrance and the Swiss National Bank launch #ProjectJura – a collaborative experiment into wholesale #CBDC @SNB_BNS_en https://t.co/vtbMCSJA6i pic.twitter.com/lV7mKI7R0S

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— Bank for International Settlements (@BIS_org) June 10, 2021

The project has been named “Jura,” after the mountain range which demarcates a long stretch of the French-Swiss

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