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.