SIX Stock Exchange Joins Venture Opening Up Digital Assets to Swiss Banks
SIX will join Swisscom and Sygnum in a new venture aimed to enable Swiss banks to offer digital assets to their customers.
:format(jpg)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/3JGNV4KRCJG5ZC7F3MVCILERPY.jpg)
SIX Swiss Exchange is based in Zurich.
/arc-photo-coindesk/arc2-prod/public/LXF2COBSKBCNHNRE3WTK2BZ7GE.png)
Swiss stock exchange SIX has invested in Custodigit, an institutional-grade cryptocurrency custody firm founded by Swisscom and Sygnum in 2018.
- Announced Monday, the investment forms part of an agreement for a new venture in which SIX Digital Exchange will join the other two firms in enabling Swiss banks to offer digital assets to their customers.
- The joint Institutional Digital Asset Gateway, already listed on the SIX website, will provide services including trading, smart order routing and settlement, as well as secure asset storage though Custodigit.
- SIX exchange said the companies plan to launch the first services in the first quarter of 2021, with other capabilities to be added throughout the year.
- “By combining the strengths of Switzerland's leading financial infrastructure providers, we are enabling banks – in Switzerland and beyond – to quickly enter a new financial services era," said Johannes Höhener, the head of fintech at Swisscom.
- Sygnum is a digital asset finance firm with a banking license from Swiss regulator, the Financial Market Supervisory Authority. Swisscom is a major telecoms firm, majority owned by the Swiss government.
Disclosure
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups 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, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.
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.