Raiffeisen Schweiz joins SIX Digital Trade

Swiss banking group Raiffeisen Schweiz has joined SDX, a totally regulated monetary market infrastructure for digital belongings.

SDX, licensed by the Swiss Monetary Market Supervisory Authority (FINMA), operates a inventory alternate and CSD using distributed ledger know-how (DLT). These memberships place Raiffeisen Schweiz on the forefront of the digital asset revolution and align with its ambition to difficulty native digital merchandise upon becoming a member of the SDX CSD.

SDX presents a complete blockchain-based platform for the issuing, buying and selling, settling, and custody of digital securities. Its distinctive “atomic settlement” characteristic synchronizes commerce execution, securities switch, and fee, eliminating counterparty dangers for purchasers. Moreover, SDX’s integration with SIS (SIX CSD) facilitates seamless entry for institutional purchasers, bridging the hole between digital and conventional infrastructures.

“By becoming a member of the SDX ecosystem, Raiffeisen Switzerland will increase its footprint and expertise in digital belongings with the purpose of actively contributing to the event of the digital belongings business and product panorama”, says Werner Leuthard, Head of Buying and selling at Raiffeisen Switzerland.

“SDX is proud to have constructed a strong and safe basis for a world liquidity community for digital belongings. And Raiffeisen Schweiz’s memberships in our CSD and inventory alternate displays our mutual dedication to embracing the transformative energy of blockchain know-how and advancing the Digital Asset panorama in Switzerland and past,” provides David Newns, Head of SIX Digital Trade.