Swiss lending giant UBS Group (NYSE:UBS) has priced a bond that will be listed, traded and settled on a blockchain-based exchange, it said in a statement Thursday, claiming it's the world's first such fixed income vehicle that investors can access in regulated digital and traditional markets.The CHF 375M (US$370.4M) senior unsecured three-year digital bond has a 2.33% coupon (payment).UBS (UBS) said the bond has the same structure, legal status and rating as a traditional one. It will settle through SIX Digital Exchange' blockchain-powered platform and start trading on both SDX Trading and SIX Swiss Exchange.The move "shows our commitment to support the development of new financial market infrastructure" through the use of distributed ledger technology," said UBS Treasurer Beatriz Martin.Back in 2018, a year after bitcoin's (BTC-USD) bull run, Commonwealth Bank of Australia (OTCPK:CBAUF) won a mandate from the World Bank to arrange a pioneering Kangaroo bond issue to be created and run using only blockchain.
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