Latest Basel News

Businessman hand holding glowing digital bank icon with abstract vector of Switzerland map in the background

Business 10 December 2023

Cantons of Basel, Zurich settle digital bonds with wholesale CBDCs

Swiss cities of Basel and Zurich are pioneering the use of wholesale CBDCs from the Swiss National Bank to settle digital bonds, marking a significant step in the tokenization of financial assets.

Business 9 December 2021

Decentralization in DeFi is an illusion, BIS quarterly review concludes

The Bank for International Settlements says decentralized finance (DeFI) could play a crucial role in the future of finance, but not in its current form or without regulation.