SIX Digital Exchange announced that the digital bonds of the City of Lugano, and the City of St. Gallen, each at CHF100 million ($113.9mn) were issued and settled on its production platform.
- Both bonds were issued in the context of the pilot project Helvetia Phase III that enables settlement on SDX in CHF wholesale central bank digital currency (wCBDC).
- Settlement Capability: These bonds can be held and settled in both the CSD of SDX, leveraging blockchain technology as well as SIX SIS.
- Dual Listing Advantage: The bonds are dual-listed, providing access to trading on both exchanges – SDX and SIX Swiss Exchange.
“We extend our congratulations to the cities of Lugano and St. Gallen for their contribution to shaping the future of finance and the involved banks in the transaction,” SDX wrote in a statement on X.