Swiss Stock Exchange Owner SIX to Launch Decentralized Crypto Exchange

  • Yuri Molchan
    📰 News

    SIX intends to launch a full-scale regulated crypto exchange in 2019


Swiss Stock Exchange Owner SIX to Launch Decentralized Crypto Exchange

SIX plans to satisfy investors’ needs in respect of a safe and state-regulated venue for trading crypto assets. The exchange will be powered by blockchain technology but it will also let companies turn their securities into digital tokens and allow them to be traded.

SIX infrastructure

SIX promises that the new exchange will be the first trading venue to propose its users fully integrated end-to-end services for trading crypto assets.

The top-management of SIX believes that cryptocurrencies are here for good and that the existing banking sector expects someone to make crypto markets and traditional financial institutions close to each other. This is what SIX is going to do.

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Previous SIX moves

Earlier in 2018, the company began cooperating with several other stock exchanges and the Swift financial service so as to study the chances to use the DLT in areas beyond trading.

SIX is also part of one more DLT project. To work on it the company has partnered with UBS, Credit Suisse, Barclays and some other heavy-weights in the financial sector. Their goal is to increase the quality of exchanging counterparty reference data through Ethereum smart contracts.

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Cover image via u.today
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