Swiss stock exchange SIX may issue its own token

Swiss stock exchange SIX may issue its own token

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The largest Swiss stock exchange, SIX Swiss Exchange, will launch its own trading platform for digital assets with a native token and an initial digital offer service (IDO) in 2020. This was stated by one of the organization’s top managers, Thomas Zeeb, in an interview with Finews.

According to him, a number of companies that intend to launch tokenized tools like traditional securities, private shares or funds have already turned to SIX. In this regard, the exchange is seriously considering the possibility of creating its token as a platform for such initiatives.

At the same time, IDO will have to fully comply with the standards of the initial public offering (IPO). “Perhaps the token will someday replace the shares,” Zeeb said. At the same time, SIX is not considering adding bitcoin and other cryptocurrencies to its future platform due to legal uncertainty and regulatory risks.

Testing SIX Digital Exchange (SDX), which has already been spent on the creation of more than $ 10 million, should be completed in late summer. Recall that on SIX already traded exchange products (ETP) based on Bitcoin, Ethereum and XRP.

Swiss stock exchange SIX may issue its own token

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