Swiss stock exchange operator to launch crypto assets exchange

posted 4 months ago
SIX, the owner and operator of Switzerland’s principal stock exchange has announced plans to launch the SIX Digital Exchange – a crypto assets exchange fully regulated by the country’s financial regulator and central bank.

The new crypto initiative intends to be "the first market infrastructure in the world to offer a fully integrated end to end trading, settlement and custody service for digital assets... a recognized and regulated infrastructure provider who provides all steps of the chain, in an integrated and secure model” explained SIX head of securities and exchange, Thomas Zeeb, describing SDX as an all-in-one platform.

Notably, the exchange operator noted that SDX will not be used to enable the direct trading of Bitcoin and will instead help introduce traditional financial market participants to tokenize their bankable and non-bankable assets into digital assets.
Tags: blockchain, news