SIX Swiss Exchange May Issue Own Token

Thomas Zeeb, company's executive, believes token may replace share one day
07 May 2019   176

The largest Swiss stock exchange, SIX Swiss Exchange, will launch its own platform for trading digital assets with a native token and the initial digital offer (IDO) service 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 reached 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).

Ultimately we want to be able to tokenize existing securities – equities, fixed income, funds. Maybe the token will eventually replace the share one day.
 

Thomas Zeeb

Top executive, SIX

Also, 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.

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.