Market Analysis Report (13 Sep 2021)

The Swiss Financial Market Supervisory Authority, or FINMA, announced their approval for regulated Swiss exchange SIX to launch a digital asset marketplace and central securities depository built on distributed ledger technology last Friday.

Initially intent on launching in the latter half of 2019, the Six exchange was slowed from progressing its ambitions by regulatory hurdles. Although no specific date of launch was announced on Friday, it is expected that after this challenge has been negotiated, customers will be able to experience the exchange’s offerings in the near future. SIX’s global head of exchanges, Thomas Zeeb, shared his views on the approval:

“The digitalization of financial markets continues apace, and while the final shape of the market is still evolving, this is an important milestone in providing institutional investors with a safe and robust infrastructure.“

Source: https://www.cryptocompare.com/email-updates/daily/2021/sep/13/