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SIX Digital Exchange To Build Platform That Trades Everything; World’s 14th Largest Exchange

SIX Digital Exchange To Build Platform That Trades Everything; World’s 14th Largest Exchange

Swiss stock exchange SIX plans to build a platform to help make previously untradeable assets tradeable. They’re planning to launch a major cryptocurrency exchange that’s the first of its kind on the planet. It’ll be able to enable the “tokenization” of existing securities and non-bankable assets to make all of it become tradeable on the platform. The rumors are that it’ll be a fully integrated platform that enables the trading, settlement, and custody infrastructure for digital assets.

SIX Swiss Exchange is the parent of SIX Digital Exchange and is regulated by Finma, which is the Swiss financial supervisor, and the Swiss central bank. The exchange happens to be the 14th largest exchange by market capitation in the world. IT also trades other bonds and derivatives of the Swiss nation. It’s reported to have the crypt adaptation to have the same regulatory oversight as its current traditional functions.

CEO Jos Dijsselhf states:

“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 platform will need the approval to do what it plans to do. Building a platform that can bridge the gap between traditional services and crypto will truly be the first of its kind and only goes to show how Switzerland is a believer in cryptocurrencies. Large stock exchanges such as the Nasdaq have also been flirting the idea of adding a crypto exchange. Intercontinental Exchange is also considering the idea of adding crypto for investors. Goldman Sachs-backed Circle is the same.

 

Long-time reader of crypto. One of the first graduating classes of Blockchain and Future Trends. Writer, journalist, and newbie technical analysis price speculator. Learning about the development of cryptocurrency and blockchain technology around the world is my job. ICOs, whitepapers, and cryptoculture are my things.

Disclaimer: Our authors may hold active positions in one or multiple cryptocurrencies discussed on this news portal. Opinions expressed at AWSMO are NOT investment advice and any investment in one or more cryptocurrencies may be high-risk and extremely volatile. Please due your due diligence before making any investments in any cryptocurrency. Your investments are your own risk and you assume full responsibility for your actions.

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