SIX Swiss Exchange, launch of the cryptocurrency trading platform

The Swiss Stock Exchange SIX announced on Friday that it is building a platform to enable trading, settlement and the conservation of cryptoactives . The group is the largest exchange operator in Switzerland and has followed the announcement to inform that the government intends to provide businesses based on cryptocurrencies full access to banking services.

According to the release ] the company stated that "built a fully integrated trading, settlement and preservation infrastructure for digital assets" .

The next platform called Swiss Digital Exchange (SDX) will be under who have the supervision function on SIX. It is Supervisory Authority of the Swiss Financial Market (Finma) and of the National Bank of Switzerland and the latter supervises the agency as a financial institution. operator of the infrastructure of the financial markets.

] The company realized that there was a gap in the financial market, particularly with respect to the digital currencies and it is optimistic that the new platform will fill this gap . The company's statement states:

"SIX Digital Exchange will be the first market infrastructure in the world to offer a complete end-to-end service for the negotiation, settlement and custody of digital assets. secure for the issuance and commercialization of digital assets and will allow the segmentation of existing securities and unbanked assets to make tradable assets previously non-negotiable. "

Although it is not certain that the claim is accurate, what is obvious is that the company is pioneering in the integration of traditional assets in digital asset trading in the country.

Jos Dijsselhof, the CEO of the company He said,

"This is the beginning of a new era for capital market infrastructure. For us, it is very clear that much of what is happening in the digital space is here to stay and will define the future of our industry. "

The Industry Digital goods has been reported as an unattended area, dominated by big players like BitGo and Coinbase who have just entered the market. With the entry of SIX, it is clear that the digital currency market has continued to attract the attention of financial institutions despite its volatility.

SIX wrote: "We will first allow the segmentation of bank assets into stocks or bonds and, potentially, at a later stage, the unbanked assets. Cryptocurrencies such as Bitcoin or the existing ICO "tokens, [todavía] is open."

The company's goal "is to reliably measure performance the largest and most liquid cryptographic assets and tokens, and provide an invertable benchmark for this asset class "describes its website. "Asset prices and cryptographic tokens are obtained from several exchanges" indicates the report.