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Deployments · platform by R3

Riksbank e-krona pilotNew

Sweden's central bank tested a token-based retail central bank digital currency, the e-krona, in an isolated test environment from 2020 to 2023. The solution ran on R3's Corda: only the Riksbank could create and destroy e-kronor, and approved participants such as banks ran nodes and distributed e-kronor to users' digital wallets. Later phases tested integration with existing bank systems and payment terminals, offline payments (by phone, then by card) and programmable payments. The pilot was closed in 2023 and the Riksbank now follows the ECB's digital euro work; no e-krona has been issued.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Inactive · concluded as planned since Aug 2023[2] — Always a test in an isolated IT environment with no real money. · Reviewed 21d ago

Assets
Retail central-bank money[1]
Test e-krona tokens issued only by the Riksbank
Networks
Use cases
Domestic payments[1]Programmable payments[1]
Jurisdictions
Sweden

Participants

Timeline

  1. Happened Aug 2023 (month only) · Retired · recorded 18 Oct 2026
    The Riksbank concludes the pilot as e-krona work moves to legal and policy questions and to following the digital euro.[2]
  2. Happened 2022 (year only) · Scope expansion · recorded 18 Oct 2026
    Phase 3 examines a collaboration model with the private market and tests programmable payments.[1]
  3. Happened 2020 (year only) · Launch · recorded 18 Oct 2026
    E-krona pilot begins (spring 2020) to test a technical solution in an isolated environment; the Riksbank's technical page dates the project's start to 2019.[2][1]

Sources

  1. [1]The e-krona pilot – test of technical solution for the e-krona — Sveriges Riksbank. Accessed 18 Oct 2026.A
  2. [2]Work on e-krona entering new phase — Sveriges Riksbank, 23 Aug 2023. Accessed 18 Oct 2026. Page shows 'Updated 23/08/2023'..A
  3. [3]E-krona pilot, Phase 2 — Sveriges Riksbank, Apr 2022. Accessed 28 Oct 2026.A
  4. [4]Riksbank begins cooperation with external participants in e-krona pilot — Sveriges Riksbank, 2021. Accessed 28 Oct 2026. Page shows 'Updated 28/05/2021'; the original notice date is not shown..A

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