were opened After the beginning of the week with Bakkt and BSDEX two new digital trading courses, to submit to the Swiss stock exchange SIX with the prototypes for their digital Token Exchange Swiss Digital Exchange (SDX). A week in the sign of the Token Economy.
By Christopher clover
24. September 2019BTC$9.527,84 -3.56%part Facebook Twitter LinkedIn xing mail
The Swiss SIX Digital Exchange (SDX), the digital subsidiary of the SIX Swiss Exchange, has unveiled the prototype of its new trading platform. Instead of a centralized server structure, a Distributed Ledger technology (DLT) is used in SDX to use. This is intended to minimize counterparty risk, and an immediate settlement of the Trades allow.
In contrast to the traditional stock exchanges will facilitate SDX immediate execution, which eliminates counter-party risk and the need for resiliency in the case of a CCP [CSD] – this means that, if the buy – side and sell-side has the necessary liquid funds and assets for the performance of a business, the settlement is done instantly,
it is stated in a on 23. September press release published by the SDX. In addition, the DLT should allow the prototype publication digital securitised securities (Security Token). Also the Integration of a platform own tokens could play a role in this. In the press release is of a not explained in detail Payment the speech Token. Through this, the Cash settlement should, for example, be carried out in the framework of a Security Token Offerings, for:
The functionality in the early phase encompasses the issuance of digital Security tokens, as well as the Live trading and instant execution. For this purpose, a payment process that includes the concept of a payment Token as well as access to a distributed Portal, on the transactions on certain DLT-member nodes can be monitored include.
It is assumed that it is this “payment Token” to have a Stable Coin, which tracks the price of a Swiss franc. Finally, the SIX Digital Exchange has announced in may 2019, to develop a CHF-Stable-Coin.
Beyond SIX: This week, The message from Switzerland is part of the Token Economy
marks a further mosaic stone in the picture’s increasingly turn to traditional financial markets to the Token Economy. Only on Monday the launch of Bitcoin Futures of Bakkt instution Ellen investors opened the door to the crypto market. Alone, the Parts of the crypto Community is hoped-for capital to flow into the Bitcoin market is yet to take place: The first data showed a relatively low trading volume of the new Bitcoin contracts.
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almost simultaneously with the Start of Bakkt the Stuttgart stock exchange also announced the launch of its digital trading platform BSDEX. Similar to SDX also BSDEX in the Token-Economy
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