Swiss Stock Exchange will Present a Blockchain Platform for the Tokenization of Securities
One of the largest stock exchanges in Switzerland announced the development of a new platform based on blockchain, which will allow tokenize securities in the future, to realize trading, settlement, depository services for these assets.
Representatives of the SIX Swiss Exchange noted that the new SIX Digital Exchange (SDX) trading platform will comply with the same standard of supervision and regulation that corresponds to the traditional financial platforms operating in Switzerland.
The representative of the project noted that the process of developing the blockchain platform will consist of several stages. The very first developments will be presented at the beginning of 2019.
"The first step will be providing the public with a fully regulated exchange platform. The second step is to offer a service for the tokenization of existing banking assets, and after tokenization of non-bank assets. We will try to provide a flexible approach to meeting the needs of the existing dynamic environment. The first services will be deployed in mid-2019. "
At the same time, it was noted that today there is no talk about the trade in digital currencies. The main goal of the platform is to create a market where traditional investors will be able to digitize their assets using DLT technology.
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“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,” said Jos Dijsselhof, CEO of SIX.