Beautiful Virgin Islands

Thursday, Jul 03, 2025

What is Switzerland’s digital stock exchange SDX?

What is Switzerland’s digital stock exchange SDX?

Switzerland has become the latest country to clear the way for trading digital assets with a new stock exchange. We break down what it is and what it changes.

Switzerland has become the latest country to clear the way for better regulation of digital currencies like Bitcoin, and perhaps NFTs in the future too.

On Friday, Switzerland’s stock exchange SIX won regulatory approval to launch a digital stock exchange called SIX Digital Exchange (SDX), which could be a step towards the creation of a global network of digital asset trading.

"The digitalisation 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," Thomas Zeeb, SIX's global head of exchanges, said in a statement.

So, what will it do and how will it impact digital currencies? Euronews Next takes a look.

How did it happen?


SIX has been working on the digital exchange since 2018. But they wanted Swiss approval so it could create a global network of digital asset trading.

On September 10, SDX said it had finally obtained two licenses from FINMA, Switzerland’s market watchdog.

One license is for the stock exchange and the other for a central securities depository.

The licenses will allow it to operate a stock exchange and depository for blockchain-based securities. More importantly, it allows the stock exchange to open up its infrastructure to supervised financial institutions.

SIX has not yet disclosed when the platform will go live.

What will the SDX do?


SIX said it plans to offer stocks and bonds in the form of digital tokens.

Investors will be able to trade, settle, and store digital tokens on one platform via regulated institutions.

“SDX can now offer the highest Swiss standards of oversight and regulation,” its website said.

SDX will run on distributed ledger technology. This means transactions will be recorded digitally across multiple sites and assets can be tracked. It’s a system that is based on blockchain.

The exchange said on Friday it sees the platform creating a global exchange network for digital assets as the customer base for such assets expands to include banks, issuers, insurance firms and institutional investors.

SDX is expected to initially begin trading in bonds, two sources familiar with the matter told Reuters, adding it was unlikely that shares in already publicly listed companies would hit the digital exchange in the immediate future.

El Salvador is now using Bitcoin as legal tender


SIX officials previously said stocks and possibly exchange-traded funds could also trade on the digital bourse.

They also hinted that other assets - such as paintings or vintage cars - could also be exchanged on SDX in the form of tokens.

Monumental move


The launch of the Swiss platform is a massive leap above other major global stock exchanges to offer securities based on blockchain.

The move comes as cryptocurrencies have been seeing growing acceptance around the world.

Last week, El Salvador became the first country to accept Bitcoin as legal tender. In the same week, Ukraine also adopted a law that will legalise and regulate cryptos.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
×