Both SDX and RULEMATCH operate under stringent regulatory frameworks, offering peace of mind to institutions hesitant about entering the crypto market due to compliance concerns.
SNB said that all transactions conducted during this test phase will be secured by digital bonds and settled on SDX using the wCBDC framework.
The digital-only bond from UBS will be issued on the blockchain-based platform of SIX Digital Exchange (SDX). The bond will come with instant settlement facility.
It remains a policy decision whether the Swiss National Bank would go ahead with the launch.
The IDO for its native SDX security tokens will take place next year in mid-2020 and the issuance of tokens will happen on an enterprise-grade blockchain built using R3’s Corda technology.
The Swiss security token firm BlockState plans to introduce six ERC-20 tokens from Ethereum blockchain onto the Swiss Stock Exchange supported by mirroring them on R3’s Corda platform.
SIX is going to create its own Swiss franc-pegged stablecoin that will help to facilitate transactions on the SIX Digital Exchange (SDX).
SIX Swiss Exchange will launch its new blockchain-powered SDX Digital Trading Platform this summer. The technology will help to speed up trading.
The initiative comes despite a decline in the prices of cryptocurrencies and overall trading volumes since the beginning of the year.