The owner of the Swiss Stock Exchange is planning to launch a digital stock exchange using a distributed ledger. The system will cater for end-to-end digital asset trading, settlement and custody service and aims to launch in mid 2019.
SIX owns the stock exchange and they’ve named the digital platform SIX Digital Exchange (“SDX”). SIX is regulated by Swiss Authorities FINMA and the Swiss National Bank and plans the same for SDX.
The purpose of SIX is to enable the tokenization of existing security and non-bankable assets, “in order to make previously untradeable assets tradeable”. It’s planned as a bridge between the traditional world and the “new world”. In other words it is not for ICOs, but there will be a distributed ledger.
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