Today the SIX Digital Exchange (SDX) confirmed it received regulatory clearance from Swiss regulator FINMA to issue euro-denominated bonds. This includes their trading and atomic settlement using a tokenized digital euro. To date, SDX issued blockchain-based bonds have been in Swiss francs.
The SIX Group also operates the Swiss interbank payment network SIC. Hence the central securities depositary SDX-CSD is integrated with euroSIC to enable the tokenization of euros (tEUR) and the reverse process where the tokens are converted back to fiat currency. This solution is available to members of the SDX-CSD. Members include Credit Suisse, UBS, Zürcher Kantonalbank, Berner Kantonalbank and CM-Equity.
The EUR-denominated bonds would still be under Swiss law.
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