The Swiss stock exchange SIX has launched a first prototype for the blockchain exchange SIX Digital Exchange (SDX). In the first quarter of 2020, more products will follow. Full commissioning is now planned for the fourth quarter of 2020.
With the SDX, the stock exchange operator SIX wants to establish the first end-to-end stock exchange for digital assets. The aim is to cover the entire value chain of “digital assets”, from the issuing of new investment instruments to trading, settlement and custody.
Then follow us on Google News!
In the first quarter of 2020, additional products with more functions are to follow. The focus is on services related to the new investment vehicle. The full launch of the SDX is expected in the fourth quarter of 2020, according to SIX.
In the early phase, however, the first task is to test the functionality for issuing digital security tokens, as well as live trading and instant settlement. According to SIX, one advantage of this principle is that, in contrast to conventional stock exchanges, the counterparty risk and thus the default risk are eliminated.
image by Shutterstock
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise