Swiss Stock Exchange Wants Cryptos

Marcin Iwański
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SIX Swiss Exchange (SWX Swiss Exchange), the Swiss major stock exchange located in Zurich, will open cryptocurrency exchange market within the next year.

According to the official announcement, Switzerland’s stock exchange, which is fully regulated as a Financial Market Infrastructure operator by Swiss Authorities and Swiss National Bank, wants to open the first cryptocurrency exchange market whose infrastructure will offer “integrated end to end trading, settlement and custody service for digital assets.”

As they say in the announcement, they want to provide the same standard of oversight and regulations as on their stock exchange.

“As the stock exchange infrastructure for Switzerland, we know what it takes to build and run mission-critical and scalable, systemically important services.”

Thomas Zeeb Head of Securities & Exchanges at SIX

Six Digital Exchange (SDX) will use Distributed Ledger Technology (DLT), and by doing so, they want to create the whole “digital asset ecosystem.” The platform will be handling trading, settlement, and custody of cryptocurrencies.

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