According to Odaily, the World Bank has announced the pricing of digital bonds worth 200 million Swiss Francs. These bonds are set to be issued on the SIX Digital Exchange (SDX) on June 11. The settlement will be done using the Swiss Franc wholesale central bank digital currency (wholesale CBDC).
As part of Project Helvetia, the Swiss National Bank (SNB) is currently piloting its wholesale CBDC on the SDX DLT platform. Some digital bonds have already been settled using this method. The World Bank's move to issue digital bonds on the SDX platform is a significant step in the adoption of digital currencies in the financial sector.
The use of the Swiss Franc wholesale CBDC for settlement indicates a growing acceptance of digital currencies by major financial institutions. The Swiss National Bank's involvement in this project further underscores the increasing integration of digital currencies into mainstream banking systems. The issuance of these digital bonds and their settlement using a CBDC could potentially pave the way for more widespread use of digital currencies in the future.