Share this article
Swiss Stock Exchange Gets Regulatory Nod to Launch Digital Asset Exchange
The exchange, first announced in 2018, will target banks, issuers, insurance firms and institutional investors.
Updated May 11, 2023, 5:54 p.m. Published Sep 10, 2021, 12:28 p.m.
Swiss stock exchange SIX has been given regulatory approval to launch an exchange and depository for digital assets.
- The SIX Digital Exchange (SDX) has been authorized by Swiss financial regulator FINMA to offer trading and custody of digital assets, according to an announcement Friday.
- Having first announced it was building an exchange for digital assets based on blockchain technology in July 2018, SIX has been granted two licenses from FINMA to operate a stock exchange and central securities depository (CSD). It appears to be the first major stock exchange to be starting its own digital asset exchange.
- “This is an important milestone in providing institutional investors with a safe and robust infrastructure meeting all of the core requirements of a traditional exchange and CSD infrastructure,” said Thomas Zeeb, SIX’s global head of exchanges and a member of its executive board.
- It is not clear yet exactly which digital assets will be supported, though SIX’s initial announcement three years ago made reference to tokenizing traditional securities.
- Having finally won FINMA approval, SDX will look to build the necessary ecosystem with liquidity for digital assets and onboard clients over the coming months.
- SDX hopes to appeal to banks, issuers, insurance firms and institutional investors.
Read more: 21Shares Launching World’s First Solana ETP on SIX Swiss Exchange
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
UPDATE (Sept. 10, 13:05 UTC): Updated with information in the second bullet point.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Tensions over El Salvador's bitcoin holdings ease as IMF praises economic progress
The Central American country’s economy is projected to grow 4% this year, the IMF said.
What to know:
- The IMF praised El Salvador's stronger-than-expected economic growth and progress in bitcoin-related discussions.
- El Salvador's real GDP growth is projected to reach around 4%, with a positive outlook for 2026.
- Despite previous IMF recommendations, El Salvador continues to increase its bitcoin holdings, adding over 1,000 BTC during November's market downturn.
Top Stories
