Yesterday the Financial Times reported that Swiss stock exchange SIX is exploring creating a European crypto and derivatives trading venue. In fact, the Swiss group already has crypto activities, and has been discussing expanding its digital asset activities into Europe since it first launched the SIX Digital Exchange (SDX).
“Crypto has become more and more a recognised asset class,” Bjørn Sibbern, global head of exchanges at SIX Group, told the Financial Times, adding that the company is examining creating “a platform where we can help facilitate trading, whether it’s [spot] crypto or whether it’s derivatives”.
The SIX Digital Exchange is best known for high profile digital bond issuances, including by the World Bank, and as the platform that hosts one of the first (pilot) wholesale CBDCs. It also provides crypto custody and staking services and has a partnership with DLT Finance for crypto trading. SDX has a joint venture in Singapore with SBI Digital Asset Holdings, AsiaNext, which launched crypto derivatives trading earlier this year. Hence, it already has the expertise.
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