Exchanges

07/02/19 10:53 UTC-4

SIX, the Swiss stock-exchange, will launch a blockchain platform this summer

A representative of SIX, the Swiss stock-exchange, announced plans to create a blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
platform in 2019 to speed up transactions at the platform, as reported by Reuters.

On February 6, Reuters news release published a statement by Romeo Lacher, the chairman of the SIX stock-exchange, that the company plans to create a blockchain platform this year.

Interesting in the section: Hitbtc – cryptocurrency platform for traders

 

SIX Blockchain Platform

The SIX chairman, Romeo Laher, said that in 2019 the stock-exchange would create its own blockchain platform. The planned project, SIX Digital Exchange (SDX), will work in conjunction with the existing SIX online platform. Now, SIX Swiss Exchange has already begun to test the potential of the blockchain and is preparing to launch, which is expected to occur in late July.

The launch of the blockchain platform was commented by CEO Jos Dijsselhof: "The problem is that today every buyer of shares has to wait about two days to become the official owner (...) If all transactions for the purchase of shares will be carried out on one platform, then operations will take only a few seconds (...) Blockchain can make work faster and more efficient."

According to Romeo Lacher, at first a new blockchain platform will work only with shares, then ETF funds and bonds will be added to the listing. In addition, SIX plans to conduct STO for security tokens of the future platform. That is, everyone can become co-owners and investors of the future Swiss innovation.

Interesting in the section: STO (Security token offering) – the specifics of the work, the main differences from the ICO

"We will start with our own offer of security tokens for potential investors (...) Now we are still resolving legal and regulatory issues with the Swiss Financial Market Supervisory Authority (FINMA) regarding the future of STO" – Romeo Lacher.

SIX, the Swiss stock-exchange, announced the launch of the blockchain platform this summer. Recall that according to statistics, the average daily tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
rate on the stock-exchange exceeded $ 6 billion.

Editor: Yulia Krasnaya

See also: "Coinbase crypto-exchange updates its Coinbase Wallet application"

#cryptocurrency #blockchain #exchange #SIXbirge #STO #Switzerland #ETFs #SIXDigitalExchange #SDX #stockExchange #SIXSwissExchange

Comments

Similar

Cryptocurrency
Exchanges
Mining
ICO, ІРО, STO
Hypes, funds, fiat money
Other