Innovation Center of the International Clearing Bank and the Swiss National Bank (SNB) are working with the World Bank to tokenize the development funds provided to emerging economies. The bank will explore use cases with the International Monetary Fund, and the current format for providing funds is paper tickets stored in vaults.

Cecilia Skingsley, head of the Innovation Center of the International Clearing Bank, briefly introduced the project during a keynote speech at the Atlantic Council's central bank digital currency (CBDC) event. Although she did not mention specific figures, the World Bank's financing commitment for 2022 is $115 billion. As the plan is still in its very early stages, specific details have not been disclosed.