UBS AG launches digital bond settled on blockchain and traditional exchanges

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UBS AG launches digital bond settled on blockchain and traditional exchanges
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Swiss investment bank UBS AG has a new kind of bond, claiming to be the first publicly traded and settled on both blockchain-based and traditional exchanges.

Swiss investment bank UBS AG introduced its hybrid digital bond on Nov. 3, claiming to be the world’s first publicly traded bond that’s settled on both blockchain-based and traditional exchanges.

“Through this bond, UBS enables investors, regardless of whether they have the blockchain infrastructure, to invest in a digital bond. This removes a hurdle on the way to adopt new disruptive technology that can make issuing bonds faster, more efficient and simpler.”

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