UBS launches world's first native digital bond with intended dual listing and trading on SIX Digital Exchange and SIX Swiss Exchange

UBS today launched a 3-year CHF senior unsecured bond with a total issue volume of CHF 375 million and a maturity in 2025. This bond was issued on the Distributed Ledger Technology (DLT) based Central Securities Depository of SIX Digital Exchange and is the first of its kind that can also be held conventionally at SIX SIS. In addition, this bond is intended to be listed and tradeable at both SIX Digital Exchange and SIX Swiss Exchange.

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Due to a single international securities identification number (ISIN) for the digital bond ("single-ISIN solution") , the handling of digital bonds is greatly simplified as there is no longer a need for a "twin bond" in the traditional world. This leads to the greatest possible market reach for native digital bond issuances. The connection of the digital financial market infrastructure with the traditional financial market infrastructure facilitates the transition phase for market participants into the new world of digital assets.

David Newns, Head SIX Digital Exchange: “The first example of an issuance of the dual-listed bond illustrates both the increasing attractiveness of issuing digital securities on SIX Digital Exchange as well as representing a significant step forward in the evolution of the SDX platform. The dual-listed, natively digital bond, developed in close cooperation with SIX Swiss Exchange and SIX SIS simplifies the digital bond issuance process on SDX whilst simultaneously maximizing market reach through the connectivity between SDX’s blockchain based platform and SIX’s traditional infrastructure. The dual-listed digital bond in effect establishes a migration path for the market to move from issuing traditional securities to issuing natively digital securities on fully regulated blockchain based financial markets infrastructure.”

For more details, please also see the UBS media release.

Any questions?

Please do not hesitate to contact Jürg Schneider.

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SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
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