SIX, the operator of the Swiss Stock Exchange, is set to bring its digital asset division, SDX, in-house as it moves closer to becoming a blockchain-based marketplace.
In May, it was announced that digital bonds issued on SDX would be traded exclusively on the SIX Swiss Exchange.
Regarding equities, SDX supports both private securities and public assets.
“Everyone acknowledges that securities and other assets will eventually become digital. Blockchain or distributed ledger technology has emerged as the preferred path to enable digital securities. Today, all exchanges are researching or leveraging the digital asset ecosystem,”
the report notes.
First reported by Bloomberg, SDX (Six Digital Exchange), the digital asset group founded in 2018, will now be managed by Marco Kessler, who oversees SIX’s Product and Development for Digital Assets, including its post-trade division.
The report adds that SDX has now issued around US$3.1 billion of digital bonds, according to Crowfund Insider.
When SDX was announced in late 2019, SIX described it as “the world’s first end-to-end platform for digital assets.”
Featured image credit: SIX
