UBS Group will list its first blockchain-based digital bond

ChainCatcher news, UBS Group will list the first blockchain-based digital bond, a three-year bond valued at approximately $370 million, with a coupon rate of 2.33%. UBS stated that this bond is the first from a banking institution to be listed, traded, and settled on a digital exchange, and it has the same structure, legal status, and rating as conventional bonds. The bond will be issued on the blockchain platform of SIX Digital Exchange and traded on SDX and SIX Swiss Exchange. (source link)