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TechFlow reports that the city of St. Gallen, Switzerland, will issue a 100 million Swiss franc, three-year digital bond on the SIX Digital Exchange (SDX). This marks the fourth city to issue digital bonds on SDX within the past three months.
The move aligns with SDX's wholesale central bank digital currency (CBDC) trials, where wholesale CBDC issued by the Swiss National Bank is used to settle bond issuances.
The city of St. Gallen, Switzerland, will issue a 100 million Swiss franc, three-year digital bond on the SIX Digital Exchange (SDX). This marks the fourth city to issue digital bonds on SDX within the past three months. The move coincides with SDX's wholesale central bank digital currency (CBDC) trials, where the Swiss National Bank issues wholesale CBDC for settling bond issuances.
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