Swiss banking group Raiffeisen Schweiz has joined SDX, a fully regulated financial market infrastructure for digital assets.
SDX, licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates an exchange and CSD using distributed ledger technology (DLT). These subscriptions place Raiffeisen Schweiz at the forefront of the digital asset revolution and align with its ambition to issue native digital products upon joining the SDX CSD.
SDX offers a comprehensive blockchain-based platform for the issuance, trading, settlement and custody of digital securities. Its unique ‘individual settlement’ feature synchronizes trade execution, securities transfer and payment, eliminating counterparty risks for clients. In addition, the integration of SDX with SIS (SIX CSD) facilitates seamless access for institutional clients, bridging the gap between digital and traditional infrastructures.
“By joining the SDX ecosystem, Raiffeisen Switzerland increases its footprint and experience in digital assets with the aim of actively contributing to the development of the digital asset industry and product landscape,” says Werner Leuthard, Head of Commercial at Raiffeisen Switzerland .
“SDX is proud to have built a stable and secure foundation for a global liquidity network for digital assets. And Raiffeisen Schweiz’s subscriptions to the CSD and our exchange reflect our mutual commitment to embrace the transformative power of blockchain technology and advance the Digital Asset landscape in Switzerland and beyond,” adds David Newns, Head of SIX Digital Exchange .