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© Reuters. The Swiss National Bank (SNB) has partnered with six commercial banks, including UBS, Zuercher Kantonal Bank, Banque Cantonale Vaudoise, Basler Kantonalbank, Commerzbank (ETR:), and Hypothekarbank Lenzburg for a wholesale Central Bank Digital Currency (CBDC) pilot project. The initiative, dubbed Helvetia Phase III, aims to tokenize the Swiss franc for digital securities transactions on