SIX, the actual owner and operator of Switzerland’s principal stock game has announced intentions to launch the SIX Digital Exchange, a crypto assets exchange fully regulated by way of country’s financial regulator and central bank.
In an announcement on Friday, Swiss Exchange operator SIX revealed its new crypto-initiative that it claims ‘will end up being first market infrastructure worldwide to offer a fully integrated end to finish trading, settlement and custody service for digital assets.’
Dubbed the SIX Digital Exchange (SDX), the blockchain-powered platform will facilitate the tokenization of clients’ existing securities and enable the issuance and trading of digital assets.
“The digital exchange will enable clients of SIX to trade, settle and custodize digital assets just as they currently do while in the traditional world,”?explained?SIX head of securities and exchange Thomas Zeeb, describing SDX for an all-in-one platform.
SIX further stressed the fact that the platform will discover ‘the same standard of oversight and regulation’ from FINMA, Switzerland’s financial regulator additionally, the Swiss National Bank, the nation’s central bank.
“This may be the beginning of the latest era for capital markets infrastructures,” said SIX ceo Jos Disjsselhof, heralding the launch within the upcoming exchange that can launch services in mid-2019.
He added:
“For people, it is abundantly clear lots of of what is materializing in the digital space is here to stay and definitely will define the future of our industry. Loan agencies now should bridge the space between traditional financial services and digital communities.”
To this end, SIX also will facilitate its clients offer the tokens through initial coin offerings (ICOs) to lift funds. “We’re putting together a team of developers and advisors that should?help clients create ICOs?and new items around that,” Zeeb added, underlining SDX as “an ecosystem”.
Pointedly, the exchange operator noted that SDX is definitely not used to encourage the direct trading of cryptocurrencies like Bitcoin and Ethereum all of which will instead help introduce traditional financial market participants to tokenize their bankable and non-bankable assets into digital assets.