SIX, the main stock exchange of Switzerland, has announced its plans to launch SIX Digital Exchange — a cryptocurrency exchange fully regulated by country’s financial regulator and central bank. The Swiss stock exchange introduced its new cryptocurrency incentive which, according to the exchange, will become the first infrastructure offering fully integrated trading, settlement and custody services for digital assets. The SDX platform will use blockchain technology. This will simplify tokenization of the existing clients’ stocks and also allow to issue and sell digital assets. Thomas Zeeb, the head of the exchange, describes the exchange as an “all-in-one” service which will allow the clients to trade and store digital assets in the way they are doing it in traditional financial sector now. The stock exchange highlighted that the platform will comply with FINMA standards. FINMA is a financial regulator of Switzerland and Swiss National Bank. CEO Jos Dijsselhof says that this is a beginning of a new era for capital markets infrastructures when he was announcing launch of cryptocexchange. It will start operating in mid-2019. |
