the The Swiss stock exchange SIX is considered to be at the forefront of Blockchain-adaptation in the financial sector. In an Interview with Finews, SIX Manager Thomas Zeeb reveals how tokens could soon find their way into the traditional financial sector.
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On 7. May 2019BTC$5.897,00 3.77%part Facebook Twitter LinkedIn xing mail
While most of the state exchanges still hesitant with the Tokenization of the value of assets deal, the SIX Swiss exchange facts. So BTC-ECHO has reported on the introduction of the world’s first crypto-ETP (Exchange Traded Product); at the beginning of April of this year, the start of a Ripple-ETP followed then.
However, as SIX Manager Thomas Zeeb in an Interview with the magazine Finews, is not the stock market is still a long way to go. Because behind-the-Scenes SIX is already planning the construction of a comprehensive trading platform for digital Assets, the SIX Digital Exchange (SDX).
Pilot in the late summer, starting in 2020
Accordingly, the order of the test phase. Because, as Zeeb suggests, want to perform, the stock exchange operator is already in the summer a pilot project with selected partners; the first services are expected to then “go to the beginning of 2020 live”.
also, a separate Token is to be used. This will emit SIX by using a so-called “Initial Digital Offerings” (IDO). Which Asset should represent class – whether in bond, shares or warrant the Security Token is not yet known.
it should not remain in the long term when you own the Security Token. The stock exchange, the Manager, wants to transfer to 2021 existing securities, such as shares in a token form. This is the future of securities trading.
We want to be able to catalog existing securities (shares, bonds, funds) token. Maybe the Token one day will replace the stock,
Thomas Zeeb says.
institutional Bitcoin trading currently complicated
returns The Dream, investors with Bitcoin Investments (since the beginning of the year Bitcoin grew 55 percent), call for quite some time, more and more institutional investors on the Plan. These were, however, in the current legal situation of European securities exchanges difficult to pick up. Finally, the pseudonymous nature of crypto makes it difficult currencies, such as Bitcoin, the compliance with the KYC and AML guidelines. To Zeeb:
The fatal error when trading crypto-currencies is not to know who’s behind the Trades, and where do the Coins come from. We have a responsibility to ensure that adequate procedures to combat money laundering and the Monitoring of transactions is introduced, as in the traditional world today.
The Bitcoin Ecosystem an extensive institutionalisation does not, therefore, yet.
This could change in the future:
When the market for today’s crypto-currencies can be legitimized, we can establish the necessary connectivity between our respective infrastructures,
the Manager.
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