SIX Stock Exchange Developing Swiss Franc Stablecoin
The Swiss national stock exchange group, SIX has recently announced that they are developing their own Stablecoin pegged to the Swiss franc.
Representative from the exchange reveals that the new Stablecoin will be used to facilitate transactions on the SIX Digital Exchange (SDX).
While the exchange has officially confirmed the Stablecoin no additional information has been provided by company whether it will only be used for internal transactions similar to JPMorgan Chase’s JPM Coin or available for general consumption.
SIX is fast emerging as a trailblazer in the crypto space as one of the first traditional financial institution to operate a full crypto/digital market that will enable users tokenize stocks and bonds as well as digitization of physical assets like art.
SIX’s SDX will begin operations in the second half of 2019.
Read more of today's Headlines! Click here.
