The SIX Swiss Exchange in Zurich, Switzerland.
Stefan Wermuth | Bloomberg via Getty Images
SIX, Switzerland’s stock exchange, has won regulatory approval to launch its long-awaited digital bourse.
The SIX Digital Exchange said Friday it obtained two licenses from FINMA, the country’s markets watchdog, to operate a stock exchange and depository for blockchain-based securities.
SIX said it is now able to launch regulated trading, settlement and custody infrastructure based on distributed ledger technology — also known as the blockchain — the system best known for its use in maintaining an immutable list of all cryptocurrency transactions.
The firm said it plans to offer stocks and bonds in the form of digital tokens once the new exchange is live. Thomas Zeeb, SIX’s global head of exchanges, has hinted the company could also offer tokenized versions of exchange-traded funds as well as other assets like art and real estate.