SIX Swiss Exchange receives official approval for the introduction of Digital Asset Bourse Regulation
SIX Swiss Exchange receives official approval for the introduction of Digital Asset Bourse Regulation
The Swiss SIX stock exchange has received the official approval for the launch of its long -awaited stock exchange for digital assets. This authorization enables the stock exchange to "go live with a fully regulated, integrated trade, handling and custody infrastructure based on the distributed LEDGER technology for digital securities".
Start of Six Digital Exchange Released
SIX Digital Exchange (SDX) announced on Friday that she officially received two licenses for the operation of a stock exchange and a central custodian for digital assets in Switzerland from the Federal Financial Authorization (Finma). In the announcement it says:
This authorization enables SDX to go live with a fully regulated, integrated commercial, handling and storage infrastructure based on the distributed Ledger technology for digital securities. With these licenses, SDX can now offer the highest Swiss supervisory and regulatory standards.
"The digitization of the financial markets is progressing, and although the final form of the market is still developing, this is an important milestone to offer institutional investors a safe and robust infrastructure," said Thomas Zeeb, Global Head of Exchanges by Six.
The company said that the platform would expect a global exchange network for digital assets with an international customer base that extends to banks, issuers, insurance companies and institutional investors.
SIX officials said that the platform will initially start trading on bonds, and found that shares and stock market-traded funds (ETFs) could follow.
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