Czech Central Bank acquires $1M in Bitcoin, stablecoin, and tokenised deposit

Photo: Reuters

Czech Central Bank acquires $1M in Bitcoin, stablecoin, and tokenised deposit

The move marks the central bank's first direct exposure to blockchain-based assets.

by Vivian Nguyen | Powered by Gloria

The Czech National Bank, the national monetary authority of the Czech Republic, acquired $1 million in digital assets, including Bitcoin, a USD stablecoin, and a tokenised deposit, as part of a test portfolio held outside of its international reserves.

The acquisition positions the institution as a pioneer in central-bank digital asset experimentation. The Czech National Bank frames the purchase as a testing initiative designed to evaluate the operational, technical, and regulatory processes associated with digital assets.

The CNB stressed that it does not plan to include Bitcoin or other digital assets in its official reserves for now, but sees value in preparing for a future in which tokenised assets, new payment methods, and blockchain-based financial instruments become more common. Findings from the project will be shared publicly over the next two to three years.

Czech Central Bank acquires $1M in Bitcoin, stablecoin, and tokenised deposit

Czech Central Bank acquires $1M in Bitcoin, stablecoin, and tokenised deposit

The move marks the central bank's first direct exposure to blockchain-based assets.

by Vivian Nguyen | Powered by Gloria

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Photo: Reuters

The Czech National Bank, the national monetary authority of the Czech Republic, acquired $1 million in digital assets, including Bitcoin, a USD stablecoin, and a tokenised deposit, as part of a test portfolio held outside of its international reserves.

The acquisition positions the institution as a pioneer in central-bank digital asset experimentation. The Czech National Bank frames the purchase as a testing initiative designed to evaluate the operational, technical, and regulatory processes associated with digital assets.

The CNB stressed that it does not plan to include Bitcoin or other digital assets in its official reserves for now, but sees value in preparing for a future in which tokenised assets, new payment methods, and blockchain-based financial instruments become more common. Findings from the project will be shared publicly over the next two to three years.