Last week the World Bank priced a CHF 200 million digital bond to be issued on the SIX Digital Exchange (SDX). With the latest issuance, the first regulated digital securities exchange will surpass CHF 1 billion ($1.1 billion) in issuances.
The Swiss National Bank’s wholesale CBDC pilot, Project Helvetia III, has played a pivotal role in the recent success of the SIX Digital Exchange. The pilot, which was exclusively launched on the SDX platform, was a factor in attracting the World Bank.
Before the launch of the Helvetia pilot, there were just three multimillion franc bonds over two years. They were from the SIX Group, UBS, and the City of Lugano. With the World Bank’s bond, this will be the fifth issuance in six months. All five used the wholesale CBDC for settlement.
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