LUG26-B
City of Lugano Digital Municipal Bond 2026
- Value outstanding
- $115M
- 0D change
- -
- Yield · Coupon
- 1.68%
- NAV
- 100.0000
- Management fees
- 0.00%
- Minimum
- $10K
- Redemption
- At maturity
- Launched
- 06 Feb 2024
Depends onUBS Group AG
Field coverage 92%Primary-source or on-chain verified 50% of tracked metrics1/1 source documents analyst-verifiedLast reconciled 15 Oct 2026
Overview
What this product is
A CHF 100 million municipal bond dual-listed on the SIX Digital Exchange (SDX) and SIX Swiss Exchange. Settled atomically in wholesale Swiss Franc CBDC issued by the Swiss National Bank (SNB).
- Underlying asset
- Senior unsecured municipal bond obligation of the City of Lugano
- Asset class
- Corporate Bond
- Product structure
- Debt Instrument
- Legal structure
- German Electronic Securities Act Bond
- Issuer jurisdiction
Switzerland- Fund domicile
- Switzerland
- Base currency
- CHF
- Launched
- 06 Feb 2024
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
Issuer
Who runs it
City of LuganoSwitzerland
SwitzerlandMunicipal government of Lugano.
Portfolio
Composition
- Senior unsecured municipal debt of City of Lugano100.0%
No on-chain history has been recorded for this product yet. Its value outstanding comes from issuer disclosure rather than a contract read.
AUM
$115M
Assets under management
No on-chain history recorded for this series yet.
Yield
1.68%
Yield history. Coupon
No on-chain history recorded for this series yet.
NAV
100.0000
NAV per token
No on-chain history recorded for this series yet.
Movement
Recent daily movement
No on-chain history recorded for this product yet.
Holdings
Disclosure
Underlying portfolio
| Share | ||||
|---|---|---|---|---|
| Senior unsecured municipal debt of City of Lugano | Corporate bonds | Feb 2026 | 100.0% |
Exposure
What you actually own
Economic exposure is to senior unsecured municipal bond obligation of the city of lugano. Weighted average maturity is 580 days, which sets how quickly the portfolio reprices as rates move.
- Corporate bonds
- 100.0%
Redemption
Terms
Contractual terms
- Redemption frequency
- At maturity
- Dealing cut-off
- Bullet maturity at par
- Settlement
- Par redemption in CHF central bank money via SDX CSD
- Redemption fee
- None
- Secondary venues
- SIX Digital Exchange (SDX), SIX Swiss Exchange
- Transfer restrictions
- Transferable on SIX Digital Exchange (SDX) distributed CSD ledger.
These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.
Assessment
Liquidity profile
Primary redemption
At maturity · Par redemption in CHF central bank money via SDX CSD
Off-hours exit
Constrained to Bullet maturity at par
Secondary market
SIX Digital Exchange (SDX), SIX Swiss Exchange
Transferability
Allow-listed wallets only
Exit fee
No redemption fee
Relationship graph
Operational dependency network
Every firm and system this product relies on. Select any of them to open its profile.
Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.
Open in Ecosystem Graph →Issuance & legal
Who is legally on the hook for this product.Custody
Where the backing assets actually sit.Markets & settlement
Where it trades and how value moves between venues and chains.
Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.
Deployments
Registry
Networks and contracts
| Contract / asset id | |||
|---|---|---|---|
| EthereumPrimary | public l1 | 100.0% |
Counterparties
Service providers
If any of these has a problem, this product is affected.
- Custodian
- UBS Group AG· Zurich, Switzerland
- Administrator
- UBS Group AG· Zurich, Switzerland
- Transfer agent
- Not disclosed
- Tokenization platform
- UBS Group AG· Zurich, Switzerland
- Oracle / attestation
- Not disclosed
Access
Classification
Who may hold this
RetailNot eligible
AccreditedNot eligible
ProfessionalEligible
InstitutionalEligible
- Minimum investment
- $10,000
- Allow-list required
- Yes
- Transfer restrictions
- Transferable on SIX Digital Exchange (SDX) distributed CSD ledger.
Geography
Where it is available
United StatesNot available
European UnionNot available
SingaporeNot available
United KingdomAvailableSwitzerlandAvailable
Hong Kong SARNot available
United Arab EmiratesNot availableExplicit prohibitions
- −United States
Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.
Structure
Legal and regulatory
- Legal structure
- German Electronic Securities Act Bond
- Product structure
- Debt Instrument
- Fund domicile
- Switzerland
- Issuer jurisdiction
- Switzerland
- Transfer agent
- Not disclosed
The domicile of the fund and the jurisdiction of its manager are frequently different. Both are recorded separately because they drive different questions: tax and insolvency follow the domicile, supervision follows the manager.
Source documents
Offering documentation
The documents behind the figures on this page. Anything marked verified has been checked by an analyst.
On-chain activity
Daily value outstanding
Value outstanding as read from the token contracts each day, and the movement between readings. Mints and redemptions are not separable on-chain, so this is the net of both, not gross issuance.
No on-chain history recorded for this product yet.
Related intelligence
0 events reference this product
No tracked events reference this product yet.