SIX Group Integrates Digital Asset Division into Main Exchange

According to PANews, the Swiss stock exchange operator SIX Group AG has announced the integration of its digital asset division, SIX Digital Exchange (SDX), into its primary exchange and post-trade services division. This move signifies the end of SDX's independent brand identity. Going forward, SDX's trading operations will be managed by SIX's main exchange, while settlement and custody services will be transferred to SIX Securities Services. SIX Group aims to create a unified and robust platform by consolidating its digital asset capabilities. This integration is intended to simplify processes for banks and asset management companies in adopting blockchain technology for trading, custody, and token issuance, thereby accelerating the growth of digital asset businesses and the transformation towards a tokenized financial system. Additionally, SIX will continue its collaboration with the Swiss National Bank (SNB) and other partners to advance significant projects, including the development of wholesale central bank digital currencies (CBDCs).