01.24.2023

SIX Digital Exchange Approved for Euro Denominated Bonds

01.24.2023
SIX Digital Exchange Approved for Euro Denominated Bonds

SIX Digital Exchange (SDX) has received regulatory clearance by FINMA to support the issuance, trading and settlement of bonds denominated in EUR.

The service will be live on 1st of February 2023 for all members of SDX.

Issuers will be able to make use of this service to issue EUR denominated bonds under Swiss law, opening up new possibilities for market participants in the digital asset space.

SDX members trading in bonds issued and settled in EUR can now also benefit from atomic trading and settlement via SDX-CSD, the first regulated CSD based on DLT.   Members of SDX-CSD will be able to initiate a tokenization and de-tokenization of tEUR (tokenized EUR) through a connection to euroSIC. The process is similar to existing processes for tCHF.

David Newns, Head SDX, noted “With this step, SDX once again underscores its pioneer status in the digital asset space. We are harnessing distributed ledger technology for future service offerings which are now attractive and applicable to the EUR market. These are truly exciting times!”

Source: SDX

 

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Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

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