Paolo Bortolin, deputy chief financial officer of the City of Lugano, has no regrets about issuing a digital bond, even though it took longer to plan and had the same characteristics as a traditional bond.
In January, the Swiss city issued the first public sector digital bond on a fully regulated digital platform. Lugano sold a six-year SFr100m ($114m) bond that is listed and tradeable at both SIX Swiss Exchange and SIX Digital Exchange (SDX), the digital securities platform based on distributed ledger technology.
