世界银行将以瑞士法郎货币发行数字债券

世界银行一直是金融创新的先驱，包括 1981 年的首次货币互换。据其财务主管 Jorge Familiar 透露，现在，该银行正在探索使用瑞士央行数字货币发行数字债券。该机构自 2018 年以来一直利用 DLT 来发行数字债券，但这将标志着其首次与 CBDC 合作。该银行仍在参与瑞士的 CBDC 开发，而瑞士央行则强调私营部门支付工具的效率，并淡化对零售 CBDC 的需求。

World Bank Considers Issuing Digital Bond Settled in Digital Swiss Franc

世界银行考虑发行以数字瑞士法郎结算的数字债券

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.

瑞士苏黎世 - 著名的全球金融机构世界银行正在探索发行一种以数字瑞士法郎（传统瑞士货币的虚拟货币）结算的数字债券。

Digital Bond Initiatives

数字债券计划

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.

世界银行财务主管 Jorge Familiar 在瑞士国家银行 (SNB) 在苏黎世主办的行业活动中透露了这一进展。他强调了世界银行正在努力利用分布式账本技术（DLT）来发行数字债券。

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，世界银行在澳大利亚发行了首支完全基于 DLT 的数字债券，创造了历史。随后，2023 年 10 月在 Euroclear 的发行平台上发行了 1 亿欧元的数字原生票据，并在卢森堡证券交易所上市。

Next Step: Central Bank Digital Currency

下一步：央行数字货币

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.

据 Familiar 称，下一个合乎逻辑的步骤是发行以央行数字货币（CBDC）结算的数字债券。他表示世界银行有兴趣探索这种可能性，这取决于有利的市场条件和瑞士正在进行的 CBDC 发展。

Digitalization at the World Bank

世界银行的数字化

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.

除了数字债券之外，世界银行还在探索分布式账本技术在提高纸质流程的透明度、效率和数字化方面的潜力。一个值得注意的领域是将这项技术应用于捐助国向国际开发协会做出的承诺，这些承诺目前以期票形式持有。

Swiss National Bank's Stance on Retail CBDC

瑞士国家银行对零售 CBDC 的立场

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.

在同一次活动中，瑞士央行主席托马斯·乔丹谈到了零售 CBDC 的主题，它使个人能够直接与央行持有和交易本国货币的数字版本。

Wholesale CBDC Support, Retail Caution

批发 CBDC 支持，零售谨慎

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.

尽管瑞士在 CBDC 研究和开发方面采取了领先举措，但约旦对该国零售 CBDC 的需求表示怀疑。他提到了强大且创新的私营部门支付系统的可用性，并强调零售 CBDC 可能导致潜在的系统性风险和货币体系的根本性变化。

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.

尽管瑞士央行对零售 CBDC 采取谨慎态度，但全球其他央行正在积极寻求其发行。牙买加、巴哈马和尼日利亚已经推出了零售 CBDC，尽管采用速度相对缓慢。中国、韩国、泰国、俄罗斯、日本和澳大利亚是处于 CBDC 试点项目不同阶段的国家。

Conclusion

结论

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.

世界银行考虑发行以数字瑞士法郎结算的数字债券，凸显了其对金融领域数字创新的承诺。这一举措以及对 DLT 更广泛应用的持续探索，符合该机构在促进金融包容性和效率方面的长期作用。

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.

随着 CBDC 的全球格局不断发展，世界银行和瑞士央行各自的方法为这些新型数字货币的潜力和挑战提供了对比的视角。