The Czech National Bank (CNB) has created a pilot crypto portfolio of up to $1 million, marking its first purchase of Bitcoin, USD stablecoins, and a tokenized deposit. In an interview with Central Banking, Governor Aleš Michl said the initiative aims to gain direct experience with technologies reshaping global finance, without incorporating crypto into the country’s official international reserves.
Approved by the Bank Board on October 30, the pilot will run for two to three years and remains entirely separate from the CNB’s reserve management and monetary policy. The institution will test the full operational cycle: buying, storing, and transacting with crypto assets; accounting treatment; audit procedures; key management; security measures; crisis simulations; and compliance with anti–money laundering rules. Michl emphasized that the project is not profit-driven and noted that bitcoin’s price may fluctuate significantly.
In parallel, the CNB has launched CNB Lab, an innovation hub focused on blockchain, AI tools, and payment technologies. The initiative will explore instant payments and tokenized assets, including future use cases such as purchasing tokenized Czech government bonds through digital channels.
Source: Czech National Bank / Interview with Aleš Michl in Central Banking
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