KfW, the German state-owned development bank, has issued and settled a CHF 140 million senior unsecured native digital bond on Zurich-based SIX Digital Exchange (SDX), marking the first such issuance by a German-based institution in Switzerland.

The transaction, carried out using SDX’s regulated digital market infrastructure, is KfW’s second CHF-denominated bond in the Swiss domestic market this year.

This issuance contributes to the growing adoption of digital securities in traditional financial markets and may serve as a reference point for other institutions exploring similar instruments.

SIX Digital Exchange provided the infrastructure for the issuance and settlement of the bond.

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