In June 2024, the Swiss National Bank (SNB) became the world's first central bank to conduct a live monetary policy operation on a regulated infrastructure that is based on distributed ledger technology (DLT). As part of Project Helvetia III, the SNB successfully issued digital SNB Bills settled in wholesale central bank digital currency (wCBDC) in a production environment. This pilot operation showed that implementing monetary policy on a DLT-based infrastructure is feasible and effective. While the corresponding processes bring about some improvements, new challenges emerge.