Switzerland’s Stock Exchange (SIX) needs to have its personal safety token providing within the second half of 2019 alongside the launch of its SIX Digital Exchange (SDX) platform for buying and selling digital belongings.
SIX To Launch Its Own STO
The Switzerland Stock Exchange (SIX) needs to launch its personal safety token providing (STO), in accordance to the establishment’s Chairman Romeo Lacher, someday in H2, 2019 alongside its Digital forex Exchange platform SDX.
“We want to start with our own Security Token Offering,” confirmed Lacher to Reuters on the Swiss Finance Institute Conference.
SDX is probably going to start by providing buying and selling in chosen shares, adopted by different shares, bonds, and probably exchange-traded funds.
Previously, the exchange has stated that SDX will allow tokenization of present securities and different non-bankable belongings, saying:
With the brand new service we are going to present a protected surroundings for issuing and buying and selling digital belongings, and allow the tokenisation of present securities and non-bankable belongings to make beforehand untradeable belongings tradeable.
SDX Coming in H2 2019
The Switzerland Stock Exchange will launch its digital change within the second half of 2019. Lacher defined that the establishment is at present clarifying regulatory and authorized points with the nation’s monetary market watchdog FINMA.
“The supervisory board will probably decide (on the project) in late summer,” mentioned Lacher on the Swiss Finance Institute convention.
Bitcoinist reported final summer time of SIX’s intentions to launch SDX. The platform is meant to present fully-integrated asset infrastructure for buying and selling, settlement, and custody of digital currencies primarily based on Distributed Ledger Technology (DLT).
The newest data exhibits SIX seeing a every day turnover of about 5.19 billion CHF or roughly $5.18 billion USD.
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