SIX Digital Exchange (SDX) has received Swiss Financial Market Supervisory Authority (FINMA) approval to operate a stock exchange and a central securities depository for digital assets in Switzerland.
The authorisation enables SDX to go live with an integrated trading, settlement, and custody infrastructure based on distributed ledger technology (DLT) for digital securities.
Over the coming months and years, SIX Digital Exchange says it will create a global liquidity network for digital assets, as well as a global exchange network for digital assets, unlocking global liquidity based on DLT.
Thomas Zeeb, global head of exchanges and member of the executive board at SIX, says: “The digitalisation of financial markets continues apace, and while the final shape of the market is still evolving, this is an important milestone in providing institutional investors with a safe and robust infrastructure meeting all of the core requirements of a traditional exchange and CSD infrastructure.”
He adds: “We will continue to work with our clients, regulators, and other stakeholders to shape the markets of the future.”
