世界銀行將以瑞士法郎貨幣發行數位債券

世界銀行一直是金融創新的先驅，包括 1981 年的首次貨幣互換。該機構自 2018 年以來一直利用 DLT 來發行數位債券，但這將標誌著其首次與 CBDC 合作。該銀行仍在參與瑞士的 CBDC 開發，而瑞士央行則強調私部門支付工具的效率，並淡化對零售 CBDC 的需求。

World Bank Considers Issuing Digital Bond Settled in Digital Swiss Franc

世界銀行考慮發行以數位瑞士法郎結算的數位債券

ZURICH, Switzerland - The World Bank, a renowned global financial institution, is exploring the issuance of a digital bond that would settle in the digital Swiss franc, the virtual counterpart of the traditional Swiss currency.

瑞士蘇黎世 - 著名的全球金融機構世界銀行正在探索發行以數位瑞士法郎（傳統瑞士貨幣的虛擬貨幣）結算的數位債券。

Digital Bond Initiatives

數位債券計劃

Jorge Familiar, the World Bank's treasurer, revealed this development at an industry event hosted by the Swiss National Bank (SNB) in Zurich. He highlighted the World Bank's ongoing efforts to leverage distributed ledger technology (DLT) for the issuance of digital bonds.

世界銀行財務主管 Jorge Familiar 在瑞士國家銀行 (SNB) 在蘇黎世主辦的行業活動中透露了這一進展。他強調了世界銀行正在努力利用分散式帳本技術（DLT）來發行數位債券。

In 2018, the World Bank made history by issuing its first digital bond entirely on DLT in Australia. This was followed by a €100 million digitally native note issued in October 2023 on Euroclear's issuance platform and listed on the Luxembourg Stock Exchange.

2018 年，世界銀行在澳洲發行了首支完全基於 DLT 的數位債券，創造了歷史。隨後，2023 年 10 月在 Euroclear 的發行平台上發行了 1 億歐元的數位原生票據，並在盧森堡證券交易所上市。

Next Step: Central Bank Digital Currency

下一步：央行數位貨幣

According to Familiar, the next logical step is to issue a digital bond settled in a central bank digital currency (CBDC). He expressed the World Bank's interest in exploring such a possibility, contingent on favorable market conditions and the ongoing CBDC developments in Switzerland.

據 Familiar 稱，下一個合乎邏輯的步驟是發行以央行數位貨幣（CBDC）結算的數位債券。他表示世界銀行有興趣探索這種可能性，這取決於有利的市場條件和瑞士正在進行的 CBDC 發展。

Digitalization at the World Bank

世界銀行的數位化

Beyond digital bonds, the World Bank is also exploring DLT's potential to enhance transparency, efficiency, and the digitalization of paper-based processes. One notable area is the application of this technology to pledges made by donor countries to the International Development Association, currently held as promissory notes.

除了數位債券之外，世界銀行還在探索分散式帳本技術在提高紙本流程的透明度、效率和數位化方面的潛力。一個值得注意的領域是將這項技術應用於捐助國向國際開發協會所做的承諾，這些承諾目前以期票形式持有。

Swiss National Bank's Stance on Retail CBDC

瑞士國家銀行對零售 CBDC 的立場

At the same event, SNB Chairman Thomas Jordan addressed the topic of retail CBDCs, which enable individuals to hold and transact in a digital version of their national currency directly with their central bank.

在同一次活動中，瑞士央行主席托馬斯喬丹談到了零售 CBDC 的主題，它使個人能夠直接與央行持有和交易本國貨幣的數位版本。

Wholesale CBDC Support, Retail Caution

批發 CBDC 支持，零售謹慎

Despite Switzerland's leading initiatives in CBDC research and development, Jordan expressed skepticism about the need for a retail CBDC in the country. He cited the availability of a robust and innovative private-sector payment system, and emphasized the potential systemic risks and fundamental changes to the monetary system that could result from a retail CBDC.

儘管瑞士在 CBDC 研究和開發方面採取了領先舉措，但約旦對該國零售 CBDC 的需求表示懷疑。他提到了強大且創新的私營部門支付系統的可用性，並強調零售 CBDC 可能導致潛在的系統性風險和貨幣體系的根本性變化。

Global CBDC Landscape

全球 CBDC 格局

While SNB takes a cautious approach to retail CBDCs, other central banks worldwide are actively pursuing their issuance. Jamaica, the Bahamas, and Nigeria have already launched retail CBDCs, albeit with relatively slow uptake. China, South Korea, Thailand, Russia, Japan, and Australia are among the countries at various stages of CBDC pilot programs.

儘管瑞士央行對零售 CBDC 採取謹慎態度，但全球其他央行正在積極尋求其發行。牙買加、巴哈馬和尼日利亞已經推出了零售 CBDC，儘管採用速度相對緩慢。中國、韓國、泰國、俄羅斯、日本和澳洲是處於 CBDC 試點計畫不同階段的國家。

Conclusion

結論

The World Bank's consideration of a digital bond settled in the digital Swiss franc underscores its commitment to digital innovation in the financial sector. This move, alongside the ongoing exploration of DLT's broader applications, aligns with the institution's long-standing role in promoting financial inclusion and efficiency.

世界銀行考慮發行以數位瑞士法郎結算的數位債券，凸顯了其對金融領域數位創新的承諾。這項措施以及對 DLT 更廣泛應用的持續探索，符合該機構在促進金融包容性和效率方面的長期作用。

As the global landscape for CBDCs continues to evolve, the World Bank and SNB's respective approaches provide a contrasting perspective on the potential and challenges of these novel digital currencies.

隨著 CBDC 的全球格局不斷發展，世界銀行和瑞士央行各自的方法為這些新型數位貨幣的潛力和挑戰提供了對比的視角。