Swiss exchange SIX receives regulatory clearance for digital asset bourse

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FILE PHOTO: A logo logo is seen at the seat of Swiss stock exchange operator SIX Group in Zurich, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann

ZURICH (Reuters) – Swiss stock exchange SIX has received regulatory approval from the financial market supervisor for its new SDX bourse, it said on Friday, paving the way for it to go live with its marketplace for digital assets.

“The digitalization of financial markets continues apace, and while the final shape of the market is still evolving, this is an important milestone in providing institutional investors with a safe and robust infrastructure,” SIX’s global head of exchanges Thomas Zeeb said in a statement.

The green light from regulator FINMA also grants SIX approval to operate a central securities depository for digital assets, the exchange said.

Plans for the new SIX Digital Exchange (SDX) trading platform were unveiled in 2018, early in the cryptocurrency boom brought about by bitcoin and other…

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