• Latest
Swiss Stock Exchange SIX Lists Ethereum ETP for Trading

Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype

September 23, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Tech

Swiss Stock Exchange SIX Launches Digital Assets Exchange Prototype

coinnewsdaily by coinnewsdaily
September 23, 2019
in Tech
0
Swiss Stock Exchange SIX Lists Ethereum ETP for Trading
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022

Swiss stock exchange SIX has launched a pilot version of its exchange and central securities depository (CSD) for digital assets.

The prototype platform, launched under its digital assets subsidiary SIX Digital Exchange (SDX), is expected to see more functionality added as it approaches a full launch slated for Q4 2020, according to an announcement emailed to CoinDesk on Monday.

The platform as it stands is aimed to “showcase the future of financial markets,” and as well as obtain feedback from early testers.

SDX further said it intends to show that a distributed ledger technology (DLT)-based CSD can “be integrated with a central order-book stock exchange model to ensure fair market conditions for all.”

Thomas Zeeb, chairman of SDX and member SIX’s executive board, said:

“The launch of this prototype is a major milestone in creating a credible digital infrastructure for moving our industry forward. We are now one step closer to demonstrating the viability of our vision for the financial markets of the future and, ultimately, for the way people and businesses access capital.”

Early functionality of the platform for “test cases” will cover issuance of digital security tokens, live trading and instant settlement.

“This will include the cash-leg of the transaction embracing the concept of a payment token as well as access to a distributed portal where it would be possible to monitor transactions across specific DLT member nodes.” according to the announcement.

SDX’s trading facility will be similar to the SIX infrastructure, while token issuance will utilize SIX’s Connexor reporting service and functionality.

Ultimately, SDX aims to enable instant settlement with no counterparty risk or requirement for default fund collateral at a central counterparty. “This implies that if the buy and sell-side have the necessary cash and assets to fulfil a trade, settlement will occur instantly,” said SDX.

Phase two of the prototype is expected to be ready in “coming months,” and will take in feedback from this initial phase. It will also add the first post-trade and digital custody functionality, according to SDX. Exchange users will be able to hold their assets on the SDX in a “distributed way,” with access through the use of a private key.

SIX image via Shutterstock

Credit: Source link

Tags: Crypto Tech
Share76Tweet48
Previous Post

MicroBT Expects $400 Million Q3 Revenue From Bitcoin Miner Sales Despite Chip Holdup

Next Post

PBoC Denies Claims It Will Launch Digital Currency in November

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

ygg sea surpasses 10,000 scholarships in just six months of launch
Alt Coin

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
5 projects enabling smart contract development on bitcoin
Alt Coin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building
Bitcoin

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications
Alt Coin

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
green gaming
Business

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
axie infinity: what are the minimum android phone requirements to play on mobile
Alt Coin

Axie Infinity: What Are the Minimum Android Phone Requirements to Play on Mobile

April 21, 2022
Load More
Next Post
Facebook Libra Threat Could Spur Work on China’s National Digital Currency: PBoC Official

PBoC Denies Claims It Will Launch Digital Currency in November

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$23,020.000.81%
  • ethereumEthereum(ETH)$1,641.240.75%
  • tetherTether(USDT)$1.000.13%
  • binancecoinBNB(BNB)$329.390.75%
  • rippleXRP(XRP)$0.3976140.03%
  • cardanoCardano(ADA)$0.389836-0.24%
  • dogecoinDogecoin(DOGE)$0.091325-0.52%
  • matic-networkPolygon(MATIC)$1.243.10%
  • okbOKB(OKB)$44.351.12%
  • solanaSolana(SOL)$23.300.67%
  • shiba-inuShiba Inu(SHIB)$0.000014-3.71%
  • polkadotPolkadot(DOT)$6.730.91%
  • litecoinLitecoin(LTC)$99.573.39%
  • tronTRON(TRX)$0.0646942.05%
  • daiDai(DAI)$1.000.07%
  • cosmosCosmos Hub(ATOM)$14.641.96%
  • chainlinkChainlink(LINK)$7.031.05%
  • leo-tokenLEO Token(LEO)$3.37-0.74%
  • ethereum-classicEthereum Classic(ETC)$22.59-0.10%
  • moneroMonero(XMR)$167.030.90%
  • bitcoin-cashBitcoin Cash(BCH)$133.590.57%
  • stellarStellar(XLM)$0.090256-0.83%
  • filecoinFilecoin(FIL)$5.372.83%
  • crypto-com-chainCronos(CRO)$0.080578-0.01%
  • algorandAlgorand(ALGO)$0.2756957.13%
  • vechainVeChain(VET)$0.0247193.31%
  • internet-computerInternet Computer(ICP)$5.702.52%
  • aaveAave(AAVE)$86.871.01%
  • eosEOS(EOS)$1.080.49%
  • theta-tokenTheta Network(THETA)$1.155.51%
  • elrond-erd-2MultiversX(EGLD)$45.701.87%
  • tezosTezos(XTZ)$1.171.24%
  • paxos-standardPax Dollar(USDP)$0.99-0.25%
  • huobi-tokenHuobi(HT)$5.52-0.50%
  • havvenSynthetix Network(SNX)$2.807.35%
  • bitcoin-cash-svBitcoin SV(BSV)$43.01-1.26%
  • pancakeswap-tokenPancakeSwap(CAKE)$4.510.66%
  • dashDash(DASH)$64.964.57%
  • iotaIOTA(MIOTA)$0.241660-1.12%
  • makerMaker(MKR)$726.924.99%
  • neoNEO(NEO)$8.862.06%
  • zcashZcash(ZEC)$46.115.04%
  • zilliqaZilliqa(ZIL)$0.0297153.74%
  • basic-attention-tokenBasic Attention(BAT)$0.2813640.27%
  • nemNEM(XEM)$0.0416653.23%
  • compound-governance-tokenCompound(COMP)$54.534.29%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • kusamaKusama(KSM)$36.060.37%
  • bitcoin-goldBitcoin Gold(BTG)$17.12-0.79%
  • qtumQtum(QTUM)$2.841.38%
  • sushiSushi(SUSHI)$1.46-2.52%
  • wavesWaves(WAVES)$2.752.65%
  • ftx-tokenFTX(FTT)$1.89-21.50%
  • yearn-financeyearn.finance(YFI)$7,735.142.29%
  • golemGolem(GLM)$0.250604-1.88%
  • omisegoOMG Network(OMG)$1.64-4.06%
  • ontologyOntology(ONT)$0.230218-0.41%
  • digibyteDigiByte(DGB)$0.0111897.01%
  • umaUMA(UMA)$2.143.32%
  • ethlendAave [OLD](LEND)$0.53-3.08%
  • UniswapUniswap(UNI)$2.4438.80%