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Czech National Bank Launches $1 Million Bitcoin Pilot Portfolio

The bank plans a two-to-three-year trial focused on operational learning that leaves its reserve policy unchanged.

Overview

  • The test portfolio consists mainly of bitcoin alongside a USD stablecoin and a tokenized deposit acquired via an exchange with counterparties undisclosed.
  • The CNB board approved the program on Oct. 30, placed the holdings outside international reserves, and said the amount will not be actively increased.
  • The experiment will evaluate custody and key management, multi‑level approvals, crisis and cybersecurity drills, settlement, accounting, auditing, and anti‑money‑laundering compliance.
  • The bank says findings will be reported publicly over the next two to three years with a formal assessment at the end of the period.
  • CNB Lab is tasked with managing the project, and the portfolio is classified as an intangible asset representing roughly 0.0006% of total assets, according to the announcement and trade press.