During a Swiss National Bank event, Jorge Familiar, the World Bank’s treasurer, considered the possibility of issuing a Swiss Franc digital bond. The appeal is to settle with a wholesale central bank digital currency (CBDC). Switzerland is currently piloting a wholesale CBDC as part of Project Helvetia III. So far, the digital Swiss Franc has been used to settle four municipal bonds.
In 2018 the World Bank issued a digital bond in Australia. At the time Commonwealth Bank claimed it as a first because the entire process was on blockchain, not a mirror of another system. While it used a permissioned DLT for the record keeping, it wasn’t tokenized.
Last year, the World Bank issued a token-based digital bond, the first to use Euroclear’s D-FMI DLT platform.
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