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SIX Swiss Alternate Receives Regulatory Approval to Launch Digital Asset Bourse

09/11/2021
SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset Bourse

Switzerland’s inventory alternate SIX has received regulatory approval to launch its long-awaited bourse for digital belongings. This authorization permits the alternate “to go stay with a totally regulated, built-in buying and selling, settlement, and custody infrastructure primarily based on distributed ledger know-how for digital securities.”

SIX Digital Alternate Greenlighted to Launch

SIX Digital Alternate (SDX) introduced Friday that it has formally obtained two licenses from the Swiss Monetary Market Supervisory Authority (FINMA) “to function a inventory alternate and a central securities depository for digital belongings in Switzerland.” The announcement states:

This authorization permits SDX to go stay with a totally regulated, built-in buying and selling, settlement, and custody infrastructure primarily based on distributed ledger know-how for digital securities. With these licenses, SDX can now supply the very best Swiss requirements of oversight and regulation.

“The digitalization of economic markets continues apace, and whereas the ultimate form of the market remains to be evolving, this is a vital milestone in offering institutional buyers with a protected and strong infrastructure,” stated Thomas Zeeb, SIX’s world head of exchanges.

The corporate defined that it expects the platform to create a world alternate community for digital belongings with a world buyer base increasing to incorporate banks, issuers, insurance coverage companies, and institutional buyers.

SIX officers stated that the platform will initially start buying and selling in bonds, noting that shares and exchange-traded funds (ETFs) may observe.

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