The Swiss Stock Exchange wants to become a Blockchain pioneer with a new trading platform

The SIX Swiss Stock Exchange wants to be a pioneer in the use of the blockchain. The SIX Digital Exchange platform, scheduled for mid-2019, is intended to provide a fully integrated end-to-end infrastructure for the issuance, trading, settlement and retention of digital assets such as chips or chips. cryptocurrencies.

On the other hand, converting to digital tokens involves exchanging digital assets that are not yet tradable in the financial system, as reported online. Whether it means cryptocurrencies like bitcoin or existing tokens is not yet known. However, it is clear that the SIX Digital Exchange could significantly increase processing speed in commerce because it relies on Blockchain technology: Currently, it takes up to two days to trade stocks, up to what titles and sums arrive at the new owner. The weather could be greatly reduced.

According to SIX, however, banks should be able to decide for themselves whether they will use the traditional trading platform for failures or implement the new blockchain solution. The first services will be offered in mid-2019. First and foremost, SIX is building trust: crypto exchanges are criticized because of recurring hacker attacks. As a result, SIX is targeting standards comparable to those of today. The company is in exchange with the relevant regulators. The new trading venue will be placed under the supervision of the Swiss Financial Market Supervisory Authority and the Swiss National Bank.