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SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset Exchange Regulation Bitcoin News

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The Swiss exchange SIX has obtained regulatory approval to launch its long-awaited exchange for digital assets. This authorization allows the exchange to put into operation a fully regulated and integrated trading, settlement and custody infrastructure based on distributed ledger technology for digital securities.

SIX Digital Exchange receives the green light for its launch

SIX Digital Exchange (SDX) announced on Friday that it has officially obtained two licenses from the Federal Financial Market Supervisory Authority (FINMA) to operate an exchange and central securities depository for digital assets in Switzerland. The announcement states:

This authorization allows SDX to put into operation a fully regulated and integrated trading, settlement and custody infrastructure based on distributed ledger technology for digital securities. With these licenses, SDX can now offer the highest Swiss standards for supervision and regulation.

The digitalization of financial markets continues at a rapid pace and, although the final shape of the market continues to evolve, this is an important step in providing institutional investors with a secure and robust infrastructure, said Thomas Zeeb, global head of stock exchanges at SIX.

The company explained that it expects the platform to create a global exchange network for digital assets with an expanded international customer base to include banks, issuers, insurance companies and institutional investors. .

SIX officials said the platform will initially start trading in bonds, noting that stocks and exchange-traded funds (ETFs) may follow suit.

What do you think about the regulatory approval of SIX Digital Exchange? Let us know in the comments section below.

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