Swiss Stock Exchange To Launch its own Crypto Exchange
SIX, the owner and operator of the Swiss stock exchange have announced its plans to launch a fully-integrated digital asset infrastructure for trading, settlement, and custody of digital currencies based on Distributed Ledger Technology (DLT).
Being the first of its kind it aims to build a “fully integrated trading, settlement and custody infrastructure for digital assets,” in order to “provide a safe environment for issuing and trading” established cryptocurrencies such as bitcoin, and tokens issued in so-called initial coin offerings.
Notes Jos Dijsselhof, CEO at SIX:
This is the beginning of a new era for capital markets infrastructures. For us it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry. The financial industry now needs to bridge the gap between traditional financial services and digital communities. This is the role that we at SIX can play.
Furthermore, the exchange will be fully regulated under the purview of the Swiss central bank and the financial regulators.
Switzerland has been a hub for cryptocurrency businesses mainly due to its friendly blockchain and cryptocurrency regulations.
Get Bitzamp Latest Update By Downloading our Mobile App: Bitzamp – Cryptocurrency News – Apps on Google Play