The City of Lugano has successfully issued a CHF100m digital bond, marking a significant step forward in the adoption of blockchain technology in the debt capital markets. This innovative bond issue, listed on both SDX and SIX Swiss Exchange, was the first of its kind by a Swiss municipality, paving the way for other issuers to follow suit. The City of Lugano appointed Zürcher Kantonalbank (ZKB) as the lead manager for the bond.