Today, SIX Digital Exchange (SDX) formally received the FINMA go-ahead to operate a stock exchange and a central securities depository for digital assets in Switzerland.
This authorization enables SDX to go live with a fully regulated, integrated trading, settlement, and custody infrastructure based on distributed ledger technology for digital securities. With these licenses, SDX can now offer the highest Swiss standards of oversight and regulation.
With technical development on the core platform now complete, testing and scaling for full operations underway, the SIX Digital Exchange (SDX) awaits regulatory approval and readies itself for growth. As part of this preparation, Tim Grant will stand down and hand over the reins to David Newns, an international capital market expert with a strong background in the regulated financial services industry. Newns's mandate will be to take SDX seamlessly into its next phase of full operations and growth.