Reported 8 months ago
In the aftermath of Credit Suisse's financial struggles, Switzerland is spearheading a new financial infrastructure by issuing tokenized bonds settled in the country's digital currency. The Swiss central bank is extending the pilot program due to its success, emphasizing the benefits of tokenization in terms of speed, simplicity, and security. Despite global tokenization projects, Switzerland aims to revitalize its banking industry's image and position as a top financial hub through blockchain-based initiatives.
Source: YAHOO