On March 22nd, according to ledgerinsights, the Swiss National Bank (SNB) has pioneered its pilot wholesale central bank digital currency (wCBDC) for the settlement of tokenized securities transactions on the SIX Digital Exchange (SDX). The Swiss National Bank recently released its annual report, which outlines other related activities, including exploring what is sometimes referred to as a synthetic CBDC - a private tokenized currency backed by central bank funds. The SNB describes this tokenized private currency as one of three options it is considering for DLT settlement. The other is wCBDC. The third is a connection between the SIC payment system and the DLT system, which has previously been trialled in its Project Helvetia CBDC exploration. The SNB reiterated that it has not yet committed to issuing a permanent wCBDC, nor is it leaning towards a solution, but is simply evaluating options at this stage.