SIX, Swiss Stock Exchange Operator, Plans To Launch SWISS Digital Exchange Switzerland’s key stock exchange owner and operator, SIX has announced to launch the SIX Digital Exchange. This exchange will be a crypto assets exchange that will be entirely regulated by the country’s central bank and financial regulator. In a statement issued on Friday, SIX revealed its new initiative stating that this will be the first market infrastructure in the world to offer custody service for digital assets, settlement, and fully integrated end to end trading. The blockchain powered platform, SIX Digital Exchange (SDX) will enable the trading and issuance of digital assets. It will also facilitate the existing securities of its clients’ to be tokenized. The SIX head of securities and exchange, Thomas Zeeb mentioned in his statement that the digital exchange will facilitate its clients to settle, trade, and hold custody of digital assets in the same manner as it is presently done in the traditional world on one single platform. This new platform will be subject to the same standard of oversight and regulation from FINMA, Swiss National Bank, and the country’s financial regulator. SIX CEO, Jos Disjsselhof, who is leading this launch of the new exchange, said that this is just the beginning of a new era for capital market infrastructures. According to the CCN report, Jos further mentioned that SIX will also enable its clients to offer their own tokens via initial coin offerings (ICOs) in order to raise funds. Zeeb added that they are building a team of advisors and developers that will assist its clients to create new products and ICOs. The exchange operator pointed out that SDX won’t be used to enable direct trading of cryptocurrencies such as Ethereum and Bitcoin. It will instead introduce traditional financial market participants to tokenize their non-bankable and bankable assets into digital assets. Must Read recommended by The post SIX, Swiss Stock Exchange Operator, Plans To Launch SWISS Digital Exchange appeared first on OWLT Market.