The Bank for International Settlements (BIS), through its Innovation Hub in Zurich, working with the Swiss National Bank (SNB) and Six, Switzerland's financial markets infrastructure consortium[1].
The engine calls it a cornerstone technology for central bank digital currencies (CBDCs).
Project Helvetia is run by the BIS Innovation Hub in Zurich with the SNB and Six. It has reached a third phase, where a real Swiss franc wholesale CBDC is being piloted. The BIS also lists Helvetia alongside mBridge, Genesis, and Nexus as cornerstone technologies. The record does not establish who owns or controls the project.
It shows how a bank for central banks is testing digital cash for large payments, which could affect how money moves between financial institutions.