Three months ago, the SIX Digital Exchange (SDX) said it was planning an institutional digital asset custody offering and signed a deal with technology provider Fireblocks. Today the SDX Web3 division announced that the custody solution is live, enabling institutions to delegate the operational and technical complexities of cryptocurrency custody to SDX.
The initial target clients are regulated, such as banks, product providers and investment managers, and at first it is focused on Switzerland, with an eye on Europe.
SDX Web3 believes the security standards associated with a major stock exchange group like SIX separates the SDX offering from most others in the marketplace.
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