SIX Swiss Exchange to Use Corda

Corda technology will be used to provide peer-to-peer transactions, create smart contracts and even conduct STO
07 March 2019   506

Swiss largest stock exchange, SIX Swiss Exchange, uses the Corda blockchain platform from the R3 consortium to create a SIX Digital Exchange (SDX) regulated platform for trading digital assets, settlements and custodial services.

SDX will offer institutional customers access to traditional financial and digital assets. Corda technology will be used to support peer-to-peer transactions, create smart contracts (programmable securities / tokenized assets) and conduct STO.

Investors will not only be able to trade assets, but also use them as collateral, loans and payment units in the markets for other assets within the SDX ecosystem.

Exchange products (ETP) based on Bitcoin and Ethereum are already available at the site. The launch of the latter took place at the beginning of the current week.

Hacked Zaif Exchange to Resume Operations

It was hacked in September last year,  about $60 million in cryptocurrency was stolen from its platform
22 April 2019   83

Japanese cryptocurrency exchange Zaif announced that it will complete the transition from the Tech Bureau to the Fisco Digital Asset Group (FDAG) on April 22 and resume normal operation the next day, Cointelegraph reportes.

In September last year, the exchange underwent a hacker attack when about $ 60 million in cryptocurrency was stolen from its platform, including Bitcoins, Bitcoin Cash and Monacoin. As part of the compensation plan to users, FDAG exchange acquired a large stake in Zaif business and transferred to the Tech Bureau over $ 44.6 million.

According to an earlier announcement of the exchange, 40% of the lost funds will be compensated to users by Fiat, and the remaining 60% - to the cryptocurrency, which will be available for withdrawal on April 23.