SIX To Launch Digital Asset Trading, Clearing and Custody Service

[kreslik.news]

SIX Group, the owner of SIX Swiss Exchange (SIX), announced this Friday that it is in the process of building a “digital asset” trading, settlement and custody service. Essentially a euphemism for “cryptocurrency exchange with settlement and custody solutions”, the new service represents a significant move as an established institutional player enters what has been, up until now, a market largely dominated by retail players.

The new service is going to be called Swiss Digital Exchange (SDX) and, when it launches next year, will be operated by SIX. As with SIX, SDX will be regulated as an operator of Financial Market ... (read more)