SIX Digital Exchange Receives FINMA Regulatory Approval

Swiss exchange operator’s new SIX Digital Exchange (SDX), billed as the world’s first regulated digital market infrastructure, has received formal approval from FINMA, the Swiss Financial Market Supervisory Authority, to operate a stock exchange and a central securities depository for digital assets in Switzerland. The FINMA authorisation will allow SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure for digital securities, based on distributed ledger technology. This regulatory approval is the latest milestone in SDX’s plans to create a global liquidity network for digital assets for banks, issuers, insurance firms, institutional investors and other global and financial players.