Swiss Stock Exchange will custody and liquidate digital assets with blockchain in 2019

In an announcement made on the morning of this Friday, July 6, the Swiss stock exchange reported that it is advancing a project based on distributed accounting technology for the custody, settlement and deposit of digital assets.

According to a press release posted on the website of SIX Group, owner and administrator of the Swiss stock exchange, the entity reported that "the service will provide a secure environment for issuing and marketing digital assets, tokenization of existing securities and of unbanked assets to make previously non-exchangeable assets negotiable. "

The so-called "digital asset ecosystem" would have the same regulatory and supervisory standard that supports the SIX Group, as it is regulated by national authorities such as the Central Bank of Switzerland. SIX announced that it expects the project to be operational by mid-2019 and that it will be based mainly on distributed accounting technology.

Jos Dijsselhof, CEO of SIX, offered his view on traditional capital markets and the new transformation that comes with digital assets, saying: "This is the beginning of a new era for market infrastructures. of capital. For us, it is very clear that much of what is happening in the digital space is here to stay and will define the future of our industry, "the executive said.

The financial industry now needs to bridge the gap between traditional services and digital communities. This is the role that we in SIX can play.