Japan’s SBI Group is collaborating with Switzerland’s SIX to create a Singapore digital asset exchange to be launched in 2022, subject to regulatory approval. The deal is between the SIX Digital Exchange (SDX), SBI Group and SBI Digital Asset Holdings.
It’s not a retail offering but instead will target regulated institutions. The project plans to include the full lifecycle of issuance, listing, trading, on-chain central securities depositary (CSD) and custody and use technologies from both companies. Notably, SDX uses R3’s Corda and SBI is the largest outside investor in R3.
Although the announcement referenced cryptocurrencies, it emphasized that pure cryptocurrency plays are not its focus. Instead, it is looking at native assets issued on distributed ledger technology (DLT), which include digital bonds, equities and securitized loans.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
