Raiffeisen Schweiz joins SIX Digital Exchange

PRNewswireDecember 18, 20233 min

Raiffeisen Schweiz, a leading Swiss banking group, joins¬†SDX, the world’s first fully regulated financial market infrastructure for digital assets.

SDX, licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates a stock exchange and CSD utilizing distributed ledger technology (DLT). These memberships position Raiffeisen Schweiz at the forefront of the digital asset revolution and align with its ambition to issue native digital products upon joining the SDX CSD.¬†SDX offers a comprehensive blockchain-based platform for the issuing, trading, settling, and custody of digital securities. Its unique “atomic settlement” feature synchronizes trade execution, securities transfer, and payment, eliminating counterparty risks for clients. Furthermore, SDX’s integration with SIS (SIX CSD) facilitates seamless access for institutional clients, bridging the gap between digital and traditional infrastructures.

“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”, says¬†Werner Leuthard, Head of Trading at Raiffeisen Switzerland.

“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,” adds¬†David Newns, Head of SIX Digital Exchange.

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