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SIX Digital Exchange gets regulatory approval from FINMA

Friday 10 September 2021 13:39 CET | News

SIX Digital Exchange (SDX) has formally received green-light from FINMA to operate a stock exchange and a central securities depository for digital assets in Switzerland. 

This authorisation enables SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities. With these licences, SDX can now offer the highest Swiss standards of oversight and regulation.  

SIX Digital Exchange set out to build a fully integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital assets in 2018. This milestone has now been reached with the approval of both licences and paves the way for the next stage in the development of a future ecosystem.  

Over the coming months and years, SIX Digital Exchange will continue to invest in building out the digital financial ecosystem to create a global liquidity network for digital assets by engaging in cooperative ventures with partners and accelerating the onboarding of various global and local financial players. As this international customer base expands to include banks, issuers, insurance firms, institutional investors, the members of SDX will create a global exchange network for digital assets, unlocking global liquidity based on Distributed Ledger Technology. 


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Keywords: trading platform, digital assets, blockchain
Categories: DeFi & Crypto & Web3
Companies:
Countries: Switzerland
This article is part of category

DeFi & Crypto & Web3