Swiss stock exchange to create cryptoasset trading platform

The Swiss stock exchange, SIX Group, says it will create an exchange to trade tokenised digital assets next year. The new service, using distributed ledger technology similar to blockchain, aims to provide a bridge between traditional finance and the growing world of cryptoassets. The SIX Digital Exchange will be subject to the same regulatory oversight as existing exchange services. The platform will allow trading of securities and other financial products that can be digitally tokenised. The platform does not intend allowing the direct trade of cryptocurrencies such as bitcoin and ethereum. “The service will provide a safe environment for issuing and trading digital assets and will enable the tokenisation of existing securities and non-bankable assets to make previously untradeable assets tradeable,” SIX said in a statement. At present, crypto exchanges have to use a variety of third-party partners to conduct various elements of the trading process. SIX says all elements of ...

More Headlines

Follow worldbiztoday on Twitter

US Stocks