SIX Digital Exchange (SDX) will go live later this month, according to two people familiar with the plans.
An important milestone for SDX, the digital-asset subsidiary of Switzerland’s main stock exchange operator SIX Group, was the receipt of two licenses from Swiss markets regulator FINMA in September.
“SDX is now ready to start operations and they will likely do the first live transactions towards the end of this month,” said one of the people, who has been working closely with SDX.
SDX declined to comment.
A go-live date has been a long time coming for SDX, fraught with delays and changes of leadership along the way.
The FINMA approval cleared the way for SDX, which is built using the permissioned Corda architecture supplied by R3, to operate as an integrated trading, settlement and custody infrastructure for digital assets.
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