According to TechFlow, the Swiss city of St. Gallen will use SIX Digital Exchange (SDX) to issue a three-year digital bond of CHF 100 million. This is the fourth city to issue a digital bond on SDX in the past three months.
This coincides with the wholesale central bank digital currency (CBDC) trials being conducted by SDX, with a wholesale CBDC issued by the Swiss National Bank used to settle bond issuances.