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World Bank to Issue CHF Digital Bond Settled Using Swiss Franc Central Bank Digital Currency

source-logo  news.bitcoin.com 19 May 2024 08:57, UTC

The World Bank has announced that it will issue its first CHF digital bond on June 11. This 7-year, CHF 200 million ($219 million) bond is the largest CHF issuance by the World Bank since 2009. It utilizes distributed ledger technology and settles using Swiss Franc wholesale central bank digital currency (CBDC) from the Swiss National Bank (SNB). In collaboration with SNB and SIX Digital Exchange, the World Bank employs the wholesale CBDC for initial settlement and tokenized CHF for coupon and redemption payments. The bond is listed on both the SIX Digital Exchange and the traditional SIX Swiss Exchange, governed by Swiss law.