The company that manages the Zurich Stock Exchange is already working on a platform for the exchange of digital assets and the tokenisation of securities. The expected debut in mid-2019
SIX is the Swiss company that manages the Zurich Stock Exchange (SIX Swiss Exchange) and is also the leading Swiss operator in the sector.
Today it announced that he is building a trading and custody infrastructure for digital assets. SIX is regulated as a manager of the financial market infrastructure by the Swiss authorities, FINMA and the Swiss National Bank, and promises that its digital goods ecosystem, the SIX Digital Exchange (SDX), will enjoy the same supervisory standard and regulation of the Zurich Stock Exchange.
The first services should be implemented in mid-2019.
In the company’s intentions, SDX will provide a secure environment for the issuance and trading of digital assets and will allow the tokenisation of existing securities and non-bankable assets to make previously non-tradable assets tradable.
The service will be based mainly on Distributed Ledger Technology (DLT) and will act as a bridge for traditional customers who want to look out over the crypto world.
So it will not be just an exchange of cryptocurrencies, similar to others already existing, but a complete platform for the exchange of tokens. In addition, the tokenisation of companies and capital is also being evaluated.
It could, therefore, be something very innovative in this area.
According to Thomas Zeeb, Head Securities & Exchanges at SIX, “The digital space faces a number of key challenges, including the current lack of regulation that guarantees security, stability, transparency, accountability.
These are factors that hinder the growth of trust.
As we already have a stock exchange infrastructure for Switzerland, we know what it takes to build and manage critical and scalable businesses “.
According to Jos Dijsselhof, CEO of SIX, “this is the beginning of a new era for capital market infrastructures, which is quite clear to us that much of what is happening in the digital space is here to stay and define the future of our industry: the financial sector must now bridge the gap between traditional financial services and digital communities “.