FINMA Approves Swiss Trade SIX License to Commerce Digital Property
  • Swiss trade SIX granted a license to commerce digital belongings.
  • SDX to go reside with a completely regulated, built-in buying and selling, settlement, and custody infrastructure utilizing DLT.

Swiss trade SIX has been granted a license to commerce digital belongings utilizing distributed ledger know-how (DLT). Intimately, the Swiss Monetary Market Supervisory Authority (FINMA) licensed SIX digital trade (SDX) to commerce securities, similar to firm shares and bonds, on a digital platform.

Extra so, this authorization allows SDX to go reside with a completely regulated, built-in buying and selling, settlement, and custody infrastructure. That is primarily based on distributed ledger know-how for digital securities. With these licenses, SDX can now supply the best Swiss requirements of oversight and regulation.

SIX’s world head of exchanges, Thomas Zeeb, says:

“The digitalization of fin…

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