UBS launches bond traded on blockchain-based mostly trade #UBS #launches #bond #traded #blockchainbased #exchangeNews Headlines
UBS has launched a CHF375 million digital bond that is publicly traded and settled on both of those traditional and blockchain-centered exchanges.
The bond settles by way of SDX distributed ledger-centered central securities depository community by means of atomic settlement engineering. Settlement is quick and automatic and does not involve a central clearing counterparty, claims UBS.
The bond will also be detailed and traded on the standard 6 Swiss Trade.
Beatriz Martin, UBS team treasurer, suggests: “We are proud to leverage dispersed ledger technological know-how to launch the inaugural UBS digital bond. This reveals our commitment to support the progress of new monetary current market infrastructure.”