Swiss stock exchange SIX to launch blockchain platform by end of year

posted over 1 year ago
Switzerland’s top stock exchange, SIX, aims to roll out a blockchain platform to speed up trading later this year. SIX chairman Romeo Lacher said the planned new SIX Digital Exchange will initially operate alongside the existing SIX platform.

Currently, a trade takes several steps to complete, which can take days. However, using a distributed ledger knocks out two of the stages and can reduce the trade lifecycle to fractions of a second. SDX will launch offering trading in certain stocks, with a wider range of stocks and bonds to follow. ETFs could ultimately be on offer too, and possibly even tokenized physical assets such as art.
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