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World Bank partners with Swiss National Bank and SIX Digital Exchange to advance digitalization in capital markets
The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) priced the first CHF digital bond by an international issuer, which will settle using Swiss Franc wholesale Central Bank Digital Currency (wCBDC) provided by the Swiss National Bank (SNB). This 7-year CHF 200 million digital bond, the largest World Bank CHF bond issuance since 2009, uses Distributed Ledger Technology (DLT) and advances the digitalization of capital markets while also supporting the financing of World Bank’s sustainable development activities. The World Bank partnered with the SNB and SIX Digital Exchange (SDX) to ... (full story)