Czech National Bank Tests Cryptocurrency Portfolio with $1 Million Pilot

The Czech National Bank (CNB) has taken a pioneering step by launching a $1 million cryptocurrency pilot portfolio. The portfolio encompasses Bitcoin (BTC), dollar stablecoins, and tokenized deposits. This initiative aims to explore the complexities of managing blockchain-based assets, including purchase, holding, and asset management. The CNB anticipates publishing its findings over the next two to three years. Importantly, it emphasizes that the $1 million investment amount is fixed and won’t be increased, and this project utilizes funds not tied to the bank’s existing international reserves.