Norway expands CBDC research into wholesale sector

Norwegian central bank has shared the results of the fourth phase of its central bank digital currency (CBDC) experiment. The bank believes that there is currently no need for a retail CBDC, given that tokenized deposits can provide an alternative solution for retail CBDC. Therefore, the bank will now explore wholesale CBDC for interbank settlement of tokenized deposits. The fifth phase will continue until the end of 2025, at which point the central bank management will have the tools to decide whether to continue with CBDC rollout.