SIX, one of the largest stock exchanges in Europe, received regulatory permission to set up a digital exchange.
Swiss exchange SIX announced that it has received two separate licenses from the regulator for a warehouse and exchange for blockchain-based securities.
Headquartered in Zurich, Switzerland, SIX is also known for trading various securities such as stocks and government bonds.
According to CNBC’s report, the exchange has received two licenses from the Swiss Financial Market Supervisory Authority (FINMA). SIX did not share information on when it will launch the digital exchange.
Thomas Zeeb, one of the directors of SIX, said:
“This marks an important milestone in bringing the digitalization of capital markets into the mainstream. But this is just the beginning. We will continue to work with our customers and the regulator to shape the markets of the future.”
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