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Swiss Digital Bonds Settled with Wholesale CBDC
Two Swiss digital bonds have settled on blockchain-based SIX Digital Exchange (SDX) using a wholesale central bank digital currency from the Swiss National Bank, which is expected to boost institutional interest. The City of Lugano and the City of St. Gallen each raised CHF 100m through digital bonds which were successfully issued and settled on SDX, the digital asset arm of SIX Swiss Exchange, on 7 and 8 March 2024. The bonds are dual-listed, providing access to trading on both SDX and SIX Swiss Exchange, and can be held and settled in the cent