Deutsche Börse, Swisscom and one of its IT providers Sygnum plan to jointly create a compliant digital asset exchange in Switzerland using blockchain. Last week
SIX which runs the Swiss Stock Exchange confirmed it’s using R3’s Corda for its digital asset exchange. Both platforms aim to launch this year.
Swisscom is Switzerland’s biggest telecoms company. In addition to being the largest cellular provider, it also provides IT solutions to the Swiss banking sector including for payment processing, securities processing and securities data management.
In today’s announcement, the companies highlight the potential for asset digitization and tokenization to “reshape” the financial markets. Hence they plan to use distributed ledger technology for the issuance of digital assets, custody, market making and banking services. Most importantly they plan to do so in a regulatory compliant manner.
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