SIX Digital Exchange hits Milestone with over 1 Billion Swiss Francs in Digital Assets on their platform

SIX Digital Exchange (SDX) announces that digital asset issuances facilitated on its platform will surpass 1 billion Swiss Francs (CHF) with the settlement of the CHF 200mn bond by the World Bank priced on 15 May

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SIX Digital Exchange (SDX) announces that digital asset issuances facilitated on its platform will surpass 1 billion Swiss Francs (CHF) with the settlement of the CHF 200mn bond by the World Bank priced on 15 May (World Bank partners with Swiss National Bank and SIX Digital Exchange to advance digitalization in capital markets). This achievement marks a groundbreaking advancement in the realm of institutional adoption of digital assets, as SDX continues to lead the way in providing innovative solutions in partnership with customers and regulators.

The participation of key issuers, including The World Bank, UBS AG, the City of Lugano, the Canton of Zurich, the Canton of Basel City, the City of St. Gallen and SIX Group AG, has been instrumental in advancing the Swiss Financial Centre’s digital transformation journey. Notably, several issuances have been part of SNB’s Project Helvetia Phase III, enabling settlements in Swiss Franc (CHF) wholesale Central Bank Digital Currency (wCBDC). Switzerland is the sole major financial center that has enabled the settlement of securities transactions in wCBDC.

David Newns, Head of SIX Digital Exchange, said: “Breaking through the 1 billion barrier underscores the growing acceptance and adoption of digital assets within the global financial landscape and the world leading position that the Swiss Financial Centre has taken in this critical area of innovation in capital markets. Our objective has always been to seamlessly connect digital and traditional infrastructure, mitigating market fragmentation and facilitating the efficient transition to digital assets. The digital bonds issued to date remain open to the entire investor base as they are listed, traded and settled both on a regulated digital exchange and traditional market infrastructures.”

The success of digital bond issuances further solidifies SDX’s position as a pioneering force in the digital asset space. With a focus on regulatory compliance, security, and efficiency, SDX continues to set new standards for digital finance, revolutionizing the way investors access and interact with financial markets.

About SDX

“SDX Group AG (SDX) and its subsidiaries operate financial market infrastructures (FMIs) for the issuance, trading, settlement, and custody of digital assets, licensed by FINMA, Switzerland’s financial market regulator. SDX operates a stock exchange through SDX Trading AG and through SIX Digital Exchange AG, Switzerland’s first and only Central Securities Depository (CSD) on DLT. SDX Web3 AG is also part of the Group and offers institutional-grade crypto asset custody and staking solutions. As part of SIX Group, SDX is subject to the Group’s high quality and security standards covered under Swiss law. SDX is headquartered in Zurich, Switzerland.

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Marco Kessler joined SDX in October 2018 and has been a key member of the team since its beginning. Marco brings 14 years of experience in capital markets and digital transformation to SDX.
Björn Flückiger joined SDX as Head Legal in February 2024. Björn brings over a decade of legal expertise in financial market law and fintech regulation, both in the public as well as the private sector. Amongst others, Björn was an integral part in the setup and operationalization of FINMA’s Fintech unit.
Raiffeisen Schweiz, a leading Swiss banking group, joins SDX, the world’s first fully regulated financial market infrastructure for digital assets.