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

World Bank digital CHF bond on SDX

A seven-year CHF 200 million World Bank bond issued on SIX Digital Exchange, the first Swiss franc digital bond from an international issuer and the World Bank's largest franc deal since 2009. It settled in wholesale CBDC from the Swiss National Bank under Project Helvetia, pays coupons in tokenised francs, and is listed on both SDX and SIX Swiss Exchange. A link through SIX SIS lets investors hold it via Euroclear and Clearstream.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 11 Jun 2024^[1] — Single issue outstanding until 2031. · Reviewed 25d ago

Assets: Debt security^[1]
Seven-year 1.1575% CHF bond under Swiss law (CH1353258168)
Networks: SIX digital assets ledger Private, permissioned^[1]
Use cases: Primary issuance^[1]Delivery versus payment (DvP)^[1]Asset servicing^[1]
Jurisdictions: Switzerland

Participants

World BankIssuer^[1]United States
CommerzbankArranger or dealer, Distributor, Paying or settlement agent^[1]Germany
Swiss National BankCash leg provider^[1]Switzerland
SIXPlatform provider, Operator, Depositary or trustee^[1]Switzerland
EuroclearCustodian^[1]Belgium
ClearstreamCustodian^[1]Luxembourg
Investors were about 60% banks and corporates and 39% asset managers, insurers and pension funds, mostly in Switzerland.^[1]

Operates under

FINMA licences for SIX Digital Exchange AG (central securities depository) and SDX Trading AG (stock exchange)Switzerland · Licence or charter^[3]

Likely relevant regulation

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

Assets

IssuesWorld Bank 7-year CHF 200m digital bond on SDX, 2024^[1]

Metrics

CHF 200mDigital bonds issued · as of Jun 2024^[1]
CHF 200mDigital bonds outstanding · as of Jun 2024^[1]

Timeline

Happened 11 Jun 2024 · Launch · recorded 11 Oct 2026
The bond settles on SDX in Swiss franc wholesale CBDC.^[1]
Happened 21 May 2024 · Volume milestone · recorded 11 Oct 2026
SIX says the World Bank deal takes digital issuance on SDX past CHF 1 billion.^[2]
Happened 15 May 2024 · Announcement · recorded 11 Oct 2026
World Bank prices a CHF 200 million seven-year digital bond with Commerzbank as sole lead manager.^[1]

Sources

[1]World Bank Partners with Swiss National Bank and SIX Digital Exchange to Advance Digitalization in Capital Markets — World Bank, 15 May 2024. Accessed 11 Oct 2026.B
[2]https://six-group.com/en/newsroom/media-releases/2024/20240521-six-sdx-digital-bonds-milestone.html — SIX, 21 May 2024. Accessed 11 Oct 2026.B
[3]FINMA issues first-ever approval for a stock exchange and a central securities depository for the trading of tokens — FINMA. Accessed 12 Oct 2026.A

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