Cryptocurrency32 minutes ago (Sep 11, 2021 04:00AM ET)
FINMA Approves Swiss Exchange SIX License to Trade Digital Assets
- Swiss exchange SIX granted a license to trade digital assets.
- SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure using DLT.
Swiss exchange SIX has been granted a license to trade digital assets using distributed ledger technology (DLT). In detail, the Swiss Financial Market Supervisory Authority (FINMA) authorized SIX digital exchange (SDX) to trade securities, such as company shares and bonds, on a digital platform.
More so, this authorization enables SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure. This is based on distributed ledger technology for digital securities. With these licenses, SDX can now offer the highest Swiss standards of oversight and regulation.
SIX’s global head of exchanges, Thomas Zeeb, says:
“The digitalization of fin…
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