On Friday, SIX, the company that owns and operates the Swiss stock exchange, announced plans to launch a fully regulated crypto exchange.
The new SIX Digital Exchange will be overseen by the Swiss national bank and Swiss regulator FINMA.
Switzerland has been one of the most crypto-friendly jurisdictions in Europe, with regulators offering clear guidance on how they expect crypto companies to operate.
“This is the beginning of a new era for capital markets infrastructures,” – Jos Dijsselhof, the CEO of SIX said in a statement. – “For us, it is abundantly clear that much of what is going on in the digital space is here to stay and will define the future of our industry.”
SIX’s new platform, set to launch in the first half of next year, will offer end-to-end trading, settlement, and custody service for digital assets.