Swiss bank Raiffeisen Schweiz joins SIX’s digital asset exchange

Rick Steves

“SDX is proud to have built a solid and secure foundation for a global liquidity network for digital assets. And Raiffeisen Schweiz’s memberships in our CSD and stock exchange reflects our mutual commitment to embracing the transformative power of blockchain technology and advancing the Digital Asset landscape in Switzerland and beyond.”

Raiffeisen Schweiz, a key player in the Swiss banking landscape, has taken a significant step in the realm of digital assets by joining SDX (SIX Digital Exchange), the world’s first fully regulated financial market infrastructure for digital assets.

SDX, licensed by the Swiss Financial Market Supervisory Authority (FINMA), is pioneering in its utilization of distributed ledger technology (DLT) to operate a stock exchange and Central Securities Depository (CSD).

Raiffeisen Schweiz in pivotal position within digital asset landscape

The Raiffeisen Group is renowned as Switzerland’s most client-centric retail bank. With over two million cooperative members and 3.66 million clients, it ranks as the second-largest player in the Swiss banking market. The Raiffeisen Group provides a comprehensive array of products and services to private individuals and corporate clients through its Group companies, cooperative ventures, and participations.

This membership is a strategic move for Raiffeisen Schweiz, placing it in a pivotal position within the digital assets landscape. SDX offers an all-encompassing blockchain-based platform that caters to various aspects of digital securities, including issuing, trading, settling, and custody.

SIX Digital Exchange AG (SDX) stands as the first fully regulated financial market infrastructure (FMI) for digital assets. Licensed by FINMA, SDX operates as a stock exchange (via SDX Trading AG) and a central security depository on DLT. Being a part of the SIX Group, SDX adheres to the Group’s stringent quality and security standards, all governed under Swiss law.

One of its standout features is the “atomic settlement,” which synchronizes trade execution with securities transfer and payment, effectively mitigating counterparty risks for clients.

Moreover, SDX’s integration with SIS (SIX CSD) marks a significant stride in bridging the gap between digital and traditional financial infrastructures. This integration is particularly beneficial for institutional clients who seek seamless access to digital asset services.

A global liquidity network for digital assets

Werner Leuthard, Head of Trading at Raiffeisen Switzerland, said: “By joining the SDX ecosystem, Raiffeisen Switzerland increases its footprint and experience in digital assets with the aim of actively contributing to the development of the digital assets industry and product landscape.”

David Newns, Head of SIX Digital Exchange, commented: “SDX is proud to have built a solid and secure foundation for a global liquidity network for digital assets. And Raiffeisen Schweiz’s memberships in our CSD and stock exchange reflects our mutual commitment to embracing the transformative power of blockchain technology and advancing the Digital Asset landscape in Switzerland and beyond.”

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