Deployments · SIX Digital Exchange (SDX) · platform by SIX

SIX Group dual-part digital bond on SDXNew

The bond that opened SIX Digital Exchange in November 2021: a CHF 150 million, five-year senior unsecured bond of SIX Group with a 0.125% coupon, split into two exchangeable parts. The CHF 100 million digital part was issued as tokens, listed and traded on SDX and held in SDX's central securities depository; the CHF 50 million conventional part was listed on SIX Swiss Exchange and held at SIX SIS. Credit Suisse, UBS and Zürcher Kantonalbank led the deal, which SIX described as the first bond with a purely digital part in a fully regulated environment. It matures on 27 November 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 18 Nov 2021^[1] — Single issue, outstanding until maturity on 27 Nov 2026. · Reviewed 14d ago

Assets: Debt security^[1]
CHF 100m digital part of a CHF 150m 0.125% senior unsecured SIX Group bond due 2026
Networks: SIX digital assets ledger Private, permissioned^[1]
Use cases: Primary issuance^[1]Delivery versus payment (DvP)^[2]
Jurisdictions: Switzerland

Participants

SIXIssuer, Platform provider, Operator, Depositary or trustee^[1]Switzerland
Credit SuisseDistributor, Arranger or dealer^[1]Switzerland
UBSDistributor, Arranger or dealer^[1]Switzerland
Zuercher KantonalbankDistributor, Arranger or dealer^[1]Switzerland
HomburgerLegal or professional adviser^[2]Switzerland

Operates under

FINMA licences for SIX Digital Exchange AG (central securities depository) and SDX Trading AG (stock exchange)Switzerland · Licence or charter^[1]

Likely relevant regulation

Swiss DLT Act (Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology)Switzerland

Assets

IssuesSIX Group CHF 150m 0.125% dual-part digital bond 2021-2026^[1]

Metrics

CHF 100mDigital bonds issued · as of 18 Nov 2021 · on SIX digital assets ledger^[1]
Digital part only; the CHF 50m conventional part is held at SIX SIS.
CHF 150mTotal issue size (both parts) · as of 18 Nov 2021context^[1]

Timeline

Expected 27 Nov 2026 · Retired · recorded 18 Oct 2026
Scheduled maturity and redemption at par.^[3]
Happened 18 Nov 2021 · Launch · recorded 18 Oct 2026
SIX places a CHF 150m two-part bond, CHF 100m of it as a digital part on SDX, launching SIX Digital Exchange; the offering was oversubscribed several times.^[1]

Sources

[1]SIX Launches Its SIX Digital Exchange By Successfully Issuing The World’s First Digital Bond In A Fully Regulated Environment — SIX (release via Mondo Visione), 18 Nov 2021. Accessed 18 Oct 2026. Full text of the SIX media release..B
[2]Homburger advised SIX Group AG in connection with the issuance of the CHF 150 m dual-part digital bonds — Homburger, 19 Nov 2021. Accessed 18 Oct 2026. Issuer's counsel: Swiss-law bond listed on SDX Trading and SIX Swiss Exchange with SDX and SIX SIS as CSDs, atomic settlement..C
[3]SIX reference data (fqs/ref.json), bonds with coupon 0.125 — SIX, 18 Oct 2026. Accessed 18 Oct 2026. Row CH1142754337, '0.125 SIX 21-26', SIX Group AG, maturity 27 Nov 2026, amount in issue CHF 150m, exchange XSWX, first trading date in the feed 19 May 2025..A

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