Nov 13, 2025
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Czech National Bank Launches $1M Test Portfolio with Bitcoin
The Czech National Bank (CNB) has initiated its first direct purchase of digital assets, creating a $1 million test portfolio that includes Bitcoin, a USD-pegged stablecoin, and a tokenized dollar deposit.
- Approved by the CNB Bank Board on Oct. 30, 2025, the portfolio is held outside international reserves with no current plans for expansion.
- Governor Aleš Michl proposed the project in January 2025 to explore Bitcoin's potential and other digital assets.
- The CNB Lab innovation hub will manage the portfolio, focusing on AI applications and payment technologies.
- A risk assessment analysis evaluated investment opportunities across various cryptocurrency categories.
- The test portfolio represents 0.0006% of CNB's total assets and will be assessed over 2-3 years.
- Evaluation will include operational testing such as custody arrangements and transaction processing.
- The project aligns with evolving European regulations, operating under frameworks like MiCA.
- The initiative is part of broader moves by European institutions to expand digital asset operations.
- The project timeline extends through 2027-2028, after which the CNB will decide on the future of the program.
