The Swiss Stock Exchange (SIX) is planning to give banks full access to digital assets through a partnership between its digital asset arm, SIX Digital Exchange, and Swiss custody firm Custodigit .
The partnership is still subject to regulatory approval, but there are plans to release “complete investment value-chain” in Q1 2021, according to an announcement from SIX.
Banks and their customers will be able to take advantage of trading, smart order routing, settlement and custody for cryptocurrencies, as well as access to secondary markets using the so-called Institutional Digital Asset Gateway.
SIX made a major stake investment in custody firm Custodigit to bring about the partnership. Custodigit’s creators are Swisscom, a leading IT company, and Sygnum, a regulator-recognized digital asset bank — the first to receive a nod from the Swiss Financial Market Supervisory Authority (FINMA).
Read more: https://beincrypto.com/g7-finance-chiefs-support-calls-for-crypto-regulations/
