Switzerland Stock Exchange which is operated by SIX a week ago has announced its plans to launch digital currency exchange which will be based on a distributed ledger technology.
In addition, in a recent interview with the local newspaper Swissinfo, the company's spokesman noted that the SIX Group is considering the possibility of adding crypto trading services to its digital trading platform.
SIX Group representative Stephan Meier said that with the help of the new service the company wants to create a safe environment for the issue and trade of digital assets. The group also seeks to tokenize existing securities and non-banking assets that were previously inaccessible to trade with.
The main goal is to use the SIX capabilities associated with consulting services for IPOs to help the organizers of ICO create compelling value declarations. To do this, the service will offer them help throughout the preparation of their token to the initial offer - from consultation to listing and trading services.
He stressed that the issues of listing specific products, as well as what kind of trade will be available on the new platform - cryptocurrencies or ICO tokens, remains "open". However, the SIX Group will have the technical ability to add any digital asset to the platform, according to him. The reliability of the proposed assets will be one of the priority conditions for adding new tokens, so each of them before the listing will be going through a thorough check.
Why it is important
- Before launching the platform, it is important to find out exactly how digital assets will be determined in accordance with the current Swiss law.
- At the moment, SIX Group constantly consults with regulatory authorities to determine “in which areas adjustments or additions to the legal framework may be necessary.”
Earlier a study by Crypto Finance Сonference was unveiled where Swiss became the second most ‘favourable’ country for launching an initial coin offering (ICO), while the U.S became the first.
By Nadya Astam