Swiss Stock Exchange SIX To Avail Cryptocurrencies And Security Tokens In A New Platform
SIX, the company which operates Swiss Stock Exchange has announced that it is launching a platform based on DLT (Distributed Ledger Technology) for the trading of Cryptocurrencies like Bitcoin and also Securitized tokens.
In this new Initiative called as SIX Digital Exchange (SDX) they plan to build infrastructure for Cryptocurrencies and tokenized securities, they plan to offer end to end trading, settlement and custody of these digital assets.
With high regulatory compliance from the Swiss financial regulators, the exchange plans to provide a new ecosystem to trade digitals assets and create a safe marketplace for institutional investors.
Jos Dijsselhof, CEO of SIX said:
This is the beginning of a new era for capital markets infrastructures. For us it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry. The financial industry now needs to bridge the gap between traditional financial services and digital communities.
2018 has been a year of big financial institutions building infrastructure for Cryptocurrencies, Bloomberg first announced a Crypto index fund earlier this year followed by giants like Goldman Sachs, Nasdaq, and NYSE announcing plans to launch their Crypto trading platforms.
Although the price has plummetted since the bull run in December, the products and services built around Cryptocurrencies are higher than ever. With projects like Polymath who are trying to build protocols for tokenized securities which is going to be the next big thing in the space according to many influencers like Anthony Pompliano it sure seems like there are some exciting times ahead although it may take longer than we expect.
Did you like the news you just read? Please leave a feedback to help us serve you better
Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.