Digital Securities & RWA Tokenization Infrastructure

SIX Digital Exchange (SDX) provides the world's leading regulated infrastructure for issuing, settling, and trading real-world asset (RWA) tokenizations — specifically tokenized bonds and other digital securities — built on Distributed Ledger Technology (DLT) under full FINMA supervision.

Digital Bond Issuance

SDX offers a dedicated infrastructure for the issuance of digital bonds, enabling corporates, municipalities, multilateral institutions, and financial institutions to tokenize debt instruments directly on the SDX DLT-based exchange and CSD. The platform delivers:

• Smart contract-based automation of the entire bond lifecycle, from issuance through coupon payments to redemption
• Faster, more efficient issuance processes with reduced counterparty risk via atomic DLT settlement
• Access to SDX's institutional investor and member network
• Full lifecycle management including ongoing servicing of listed digital securities

Proven issuers already active on the platform include the World Bank, KfW (German development bank), City of Lugano, Canton of Zurich, Canton of Basel-Landschaft, and SIX Group itself.

CSD Issuance Infrastructure for Tokenized RWAs

SDX operates the world's first fully regulated Central Securities Depository built on DLT, providing the foundational issuance and settlement infrastructure for tokenized real-world assets:

• Full lifecycle issuance support for digital securities using smart contract automation for corporate actions
• Real-time atomic DvP (Delivery versus Payment) settlement eliminating settlement risk
• Secure custody of issued digital securities for CSD members
• ISO messaging integration with existing banking communication channels
• 34 institutional members including major Swiss cantonal banks, Commerzbank, SBI Digital Markets, and UBS

Digital Securities Exchange

SDX operates a FINMA-licensed multilateral trading facility (MTF) providing secondary market trading for listed digital securities and tokenized RWAs:

• Listing of tokenized securities including bonds, equities, and other financial instruments on a fully regulated marketplace
• Real-time order books and price discovery with regulated market transparency
• DLT-based atomic settlement eliminating traditional T+2 delays
• Institutional membership includes UBS, Raiffeisen, ZKB, and other major Swiss and international banks

As of early 2026, over 15 live digital securities are settled and custodied on the SDX platform, establishing SDX as the premier regulated venue for RWA tokenization in institutional finance.