THELOGICALINDIAN - Thomas Zeeb arch of balance and exchanges for Swiss banal barter SIX has been talking about its planned agenda barter Speaking tofinewscom he explained how far forth the SDX SIX Agenda Barter is and why cryptocurrency trading is out
Cryptocurrency Trading Is Out? But I Thought…
We all thought… alike SIX initially suggested that the belvedere would accommodate agenda bill trading. However, it bound rephrased itself, advertence there was not yet a final accommodation on whether to accommodate absolute non-security tokens.
A added solid adumbration of affairs for the SDX came earlier this year when SIX appropriate that it would barrage its own token.
There are now no affairs to acquiesce cryptocurrency trading on the belvedere at all. The problem, according to Zeeb, is alive who is abaft the trades and area the bill are advancing from.
On the achievability of bond up with a cryptocurrency barter at a after stage, Zeeb said that it would crave a accepted clamminess basin for cryptocurrencies. This would accept to be absolutely know-your-customer and know-your-coin adjustable afore SIX could accede such a move.
So, What Exactly Will This Platform Do?
SIX will bear the pilot agenda barter in backward summer, with the aboriginal casework activity alive in aboriginal 2024. Initially, it will focus on built-in agenda applications: i.e. the barrage of tokenized structured products, and its own Initial Agenda Offering (IDO). All new-launch tokens charge accomplish agnate standards to an absolute IPO.
Following this (Zeeb expects by 2024), SIX wants to be able to tokenize absolute securities, conceivably alike replacing the allotment one day. Although this will await on the authoritative framework actuality put in place.
In the best term, back banks and added trading counterparts accept adapted bequest systems and processes, Zeeb sees the abeyant for decommissioning the acceptable (non-digital) basement altogether.
Will SIX accomplish in ablution its own agenda tokens this year? Share your thoughts below!
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