SBI Teams Up With Swiss SIX Exchange to Offer Institutional Crypto Services in Singapore

An SBI Holdings subsidiary and SIX Digital Exchange will offer digital asset services for institutional investors in Singapore.

AccessTimeIconDec 8, 2020 at 10:16 a.m. UTC
Updated May 9, 2023 at 3:14 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

SBI Holdings, through its subsidiary SBI Digital Asset Holdings, has inked a deal with Switzerland’s SIX Digital Exchange to offer digital asset services for institutional investors in Singapore.

  • Announced Tuesday, the two firms have launched a joint venture to form a Singapore-based digital asset exchange and issuance platform, and a central securities depository (CSD).
  • The new entity is set to go live in 2022, subject to regulatory approvals from the Monetary Authority of Singapore.
  • SBI, a Ripple investor and partner headquartered in Tokyo, said the joint venture is aimed to meet the demands of institutional investors for digital assets, and will offer digital asset custody, as well as other services.
  • SIX Digital Exchange is part of the SIX Group, which operates the primary Swiss stock exchange.
  • In order to support institutional clients, the firm will leverage its network in Switzerland and Europe, while SBI will do the same in the Asian marketplace.
  • “This important partnership with SBI Digital Asset Holdings ... builds on our Zurich-based exchange and CSD and will allow us to provide services into the Asian market as well as open up the trading channel between Europe and APAC,” said Tim Grant, head of the SIX Digital Exchange.
  • What South Korea's Latest Election Means for Crypto Adoption in the Country
    00:38
    What South Korea's Latest Election Means for Crypto Adoption in the Country
  • Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
    00:52
    Hong Kong Approving an Ether ETF Could Be a 'Surprise,' Analyst Says
  • What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
    19:02
    What South Korea's Elections Mean for Crypto; The Potential for Spot BTC and ETH ETFs in Hong Kong
  • Would You Get Paid in Crypto?
    00:57
    Would You Get Paid in Crypto?
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.