SIX launches SIX Digital Exchange, an integrated trading, settlement and custody infrastructure for digital assets
SIX, the firm that manages and owns the Swiss stock exchange, announced early July the launch of a new digital asset exchange platform called SIX Digital Exchange (SDX).
It will offer services for issuing and trading digital assets in a regulated environment. Indeed, SDX will be regulated by the Swiss Financial Market Supervisory Authority and the Swiss National Bank.
The Distributed Ledger Technonoly will be the technology used to provide these services.
The platform will enable the tokenisation of existing securities and non-bankable assets to make previously untradeable assets tradeable.
In this process, an asset and its rights are registered on a token to enable peer-to-peer management and exchange, instantly and securely on a blockchain-based set-up.
SDX plans to roll out the new services in mid-2019.
More information here.