SIX Digital Exchange Approved for Euro Denominated Bonds

SIX Digital Exchange (SDX) has obtained regulatory clearance by FINMA to help the issuance, buying and selling and settlement of bonds denominated in EUR.

The service can be stay on 1^st of February 2023 for all members of SDX.

#SDX obtained regulatory clearance by FINMA to help the issuance, buying and selling & settlement of bonds denominated in #EUR, opening new potentialities to market contributors within the #digitalasset house! pic.twitter.com/4XAzP5fgFN
— SIX Digital Exchange (@SDX_global) January 24, 2023

Issuers will have the ability to make use of this service to concern EUR denominated bonds below Swiss regulation, opening up new potentialities for market contributors within the digital asset house.

SDX members buying and selling in bonds issued and settled in EUR can now additionally profit from atomic buying and selling and settlement by way of SDX-CSD, the primary regulated CSD based mostly on DLT. Members of SDX-CSD will have the ability to provoke a tokenization and de-tokenization of tEUR (tokenized EUR) by way of a connection to euroSIC. The course of is much like current processes for tCHF.

David Newns, Head SDX, famous “With this step, SDX as soon as once more underscores its pioneer standing within the digital asset house. We are harnessing distributed ledger expertise for future service choices which at the moment are engaging and relevant to the EUR market. These are actually thrilling occasions!”

Source: SDX