SIX Swiss Exchange May Issue Own Token

Thomas Zeeb, company's executive, believes token may replace share one day
07 May 2019   726

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.

DEAPCOIN IEO to be Held at OKEx on 8.04

The project is planning to raise $2M a the price of 1 DEP on IEO will be $ 0.0025
25 March 2020   954

OKEx Exchange announced Wednesday the 11th initial exchange offering (IEO). It will be conducted by the DEAPCOIN Project (DEP) and will be held on April 8th.

As in previous OKEx campaigns, the selection of participants and the selection of the allocation coefficient will be carried out according to two criteria: the average daily balance of OKB and the trading volume on the exchange. For each of the groups, allocation of 400 million DEP tokens is allocated.

The price of 1 DEP on IEO will be $ 0.0025. Thus, the project intends to attract up to $ 2 million from OKEx users. Trading in USDT and USDK pairs will start on the same day.

The DEP token was released by DEAPCOIN to shape the economy around the PlayMining entertainment platform they are developing, where users can earn cryptocurrency during games. DEP is presented as an ERC-20 standard token, while game items on the blockchain will use the ERC-721 standard.

Despite the generally negative dynamics of the IEO space recently, the token of the previous placement of the OKEx platform - HyperDAO - that passed at the end of February is currently trading almost 3 times higher than the initial selling price.