Switzerland’s Six Stock Exchange Gets License to Launch Digital Token Exchange

Six Stock Exchange of Switzerland will launch digital assets based exchanges to beat unregulated crypto exchanges of Switzerland. 

Growing crypto popularity in Switzerland, leads to a big prize for the citizens of Switzerland. Soon in future, Switzerland’s citizens will trade crypto assets on a highly regulated Crypto exchange with trusted custody of their funds. 

“Six Stock Exchange” got license from FINMA. The license for Six Stock Exchange will allow it to launch digital assets and securities based trading platforms. 

Six got total 2 licenses for their upcoming digital exchange by the watchdogs of Switzerland. And the two licenses will make the platform regulated trading, settlement, and custody infrastructure based on distributed ledger technology.

Six Stock Exchange didn’t disclose any kind of details about the crypto assets that they will offer to trade for the users but surely it is a biggest revolution in the traditional financial sector to get into Decentralized world of blockchain technology. 

The global head of Six Stock exchanges, Thomas Zeeb, said that the license that they got from the regulators is a kind of milestone for them.

 “This is an important milestone in bringing the digitalization of capital markets into the mainstream, but it is only the beginning. We will continue to work with our clients, regulators, and other stakeholders to shape the markets of the future.”

Here it is worth noting whether the stock exchange will allow Bitcoin, Ethereum-like crypto assets or not, because they didn’t mention it in the announcement. 

Read also: Billionaire Lee Cooperman says Bitcoin does not make a great deal of sense