Blockchain News

Swiss trend in security tokens

Token News

February 1, 2022

The SIX Digital Exchange, platform offers the first fully regulated all-one solution, combining digital asset trading, settlement, and custody services for its clients. Besides, it will allow clients to launch their own tokens and raise funds via ICOs.

The has been grated first approval for through CSD (Central Security Depository) license to perform clearing & settle of transferable securities and act as an exchange for the trading of tokens where the exchange will be overseen by Swiss financial regulator FINMA and the Swiss national bank for monitoring and compliance as per Financial Markets Infrastructure (FMI) Act.

Based on blockchain technology, the service will help traditional market players to tokenize their bankable and non-bankable assets such as equities, debt, and liquidity instruments, thus making untradeable assets tradable.

The platform was launched in 2019 and this is the first-ever license granted by the Swiss regulator for an FMI to facilitate trading digital securities in the form of tokens.

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