SIX Swiss Exchange Receives Regulatory Approval to Launch Digital Asset Bourse – Regulation Bitcoin News
Switzerland’s inventory exchange SIX has gained regulatory approval to launch its long-awaited bourse for digital property. This authorization permits the exchange “to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities.”
SIX Digital Exchange Greenlighted to Launch
SIX Digital Exchange (SDX) introduced Friday that it has formally obtained two licenses from the Swiss Financial Market Supervisory Authority (FINMA) “to operate a stock exchange and a central securities depository for digital assets in Switzerland.” The announcement states:
This authorization permits SDX to go stay with a completely regulated, built-in buying and selling, settlement, and custody infrastructure based mostly on distributed ledger know-how for digital securities. With these licenses, SDX can now provide the best Swiss requirements of oversight and regulation.
“The digitalization of financial markets continues apace, and while the final shape of the market is still evolving, this is an important milestone in providing institutional investors with a safe and robust infrastructure,” stated Thomas Zeeb, SIX’s world head of exchanges.
The firm defined that it expects the platform to create a worldwide exchange community for digital property with a world buyer base increasing to incorporate banks, issuers, insurance coverage corporations, and institutional traders.
SIX officers stated that the platform will initially start buying and selling in bonds, noting that shares and exchange-traded funds (ETFs) may comply with.
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