The Swiss exchange, which is co-owned by 130 banks, will be overseen by the Swiss national bank and the country’s financial regulator, FINMA.
“SIX Digital Exchange will be the first market infrastructure in the world to offer a fully integrated end to end trading, settlement and custody service for digital assets. The service will provide a safe environment for issuing and trading digital assets, and enable the tokenisation of existing securities and non-bankable assets to make previously untradeable assets tradeable,” says the exchange on its website.
“This is the beginning of a new era for capital markets infrastructures,” says SIX CEO Jos Dijsselhof. “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.”
SIX Head of Securities and Exchanges Thomas Zeeba says the lack of regulation contributes to a lack of trust from investors and adds that his firm will solve this issue and that of safety, security, stability, transparency and accountability.
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