The bond is the XCHF token, issued and transferable on the Ethereum Blockchain based on the ERC-20 standard. The XCHF token is issued by Swiss Crypto Tokens AG. As long as Swiss Crypto Tokens stays solvent, each token is worth 1 CHF and will be paid out at maturity. Swiss Crypto Tokens holds all capital reserves of the 12m issued XCHF tokens plus company equity, 1:1 in Swiss Francs (CHF). Generally, Swiss Crypto Tokens is free to deploy the capital reserves in any way it deems reasonable, including investing them. The reserves are held in cash or bank accounts. The structure of the reserves and notable changes in that structure are published on the website.

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1	Uniswap (v3)	XCHF/WETH	$0.8395	$40.41	67.508%	Recently
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