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.
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.