Hypothekarbank Lenzburg joins SIX Group’s digital asset ecosystem

SDX, the SIX Group’s fully regulated financial market infrastructure for digital assets, has announced the addition of Hypothekarbank Lenzburg to its Central Securities Depository (CSD).

This strategic partnership between SDX and Hypothekarbank Lenzburg marks a significant advancement in the Swiss market for tokenized digital assets and offers a new dimension to the native digital securities landscape.

Token issuance, custody, and listing digital value rights

SDX, authorized and supervised by the Swiss Financial Market Supervisory Authority (FINMA), operates a cutting-edge stock exchange and CSD powered by distributed ledger technology (DLT).

With its blockchain-based platform, SDX has established a secure and dependable ecosystem that facilitates the issuance, trading, settlement, and custody of digital securities. This innovative approach ensures compliance with regulatory requirements while streamlining the entire digital securities lifecycle.

For Hypothekarbank Lenzburg, becoming a member of SDX’s CSD represents a crucial milestone in its journey to becoming a prominent participant in the Swiss tokenized digital assets sector.

By integrating with SDX’s comprehensive infrastructure designed to handle various digital securities, including Digital Bonds and Digital Equities, Hypothekarbank Lenzburg gains access to a unified, reliable, and trusted DLT-based platform. This partnership not only aligns with the bank’s objectives but also opens up new possibilities for listing digital value rights on a reputable trading venue.

Marianne Wildi, CEO of Hypothekarbank Lenzburg, said: “The SDX membership marks a significant step in advancing our bank’s presence in digital assets. Beyond token issuance and custody, our offering should include the possibility of listing digital value rights on a trusted trading venue. SDX’s ecosystem aligns seamlessly with our goals, and we eagerly anticipate this cooperation.”

David Newns, Head of SIX Digital Exchange, commented: “We firmly believe that a strategic alliance with Hypothekarbank Lenzburg facilitates our mission to provide institutional clients with innovative, trusted, and efficient financial markets infrastructure and services for digital assets.”

Hypothekarbank Lenzburg joins the ranks of six pioneering banks in partnership with SDX. This illustrious group includes Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS, and Zürcher Kantonalbank, collectively leading the way in shaping the future of digital securities in Switzerland.