Zurich-based Swiss bank UBS has introduced the first publicly traded digital bond that trades on both traditional and digital exchanges.
UBS lists a publicly traded digital bond that is traded on both blockchain-based and traditional exchanges. first financial institution it happened. Investors in digital bonds traditional and have access to digital markets. In a press release by the bank, the digital bond is paired with traditional senior unsecured bonds. same investment structure, legal status and to rating said to have.
UBS Group Treasurer Beatriz Martin In his statement on the subject, he made the following statements:
We are proud to leverage distributed ledger technology to launch the UBS digital bond. This demonstrates our commitment to support the development of new FMI.
UBS’s top unsecured digital bond 375 million Swiss Francs ($272 million) and 2.33% It covers a yielding three-year bond. According to the statement, the said digital bond, SIX Digital Exchange It will use a distributed ledger-based centralized securities custody network. This bond, which is instantly and automatically reconciled through atomic reconciliation technology, will provide ease of use.