SIX Group wins Swiss approval to offer crypto custody alongside traditional securities
SIX Group said it has received approval from Swiss regulator FINMA to integrate crypto custody into its central securities depository infrastructure, allowing financial institutions to access digital asset custody through the same regulated post-trade system used for traditional securities.
The approval also allows SIX to merge its digital central securities depository, SIX Digital Exchange, into SIX SIS AG, consolidating digital and traditional asset services under a single legal entity.
SIX said the structure is intended to give institutions a single infrastructure layer for settlement and custody across both traditional and digital assets.
Source: Cointelegraph
SIX Group operates both Switzerland’s and Spain’s stock exchange and provides financial market infrastructure services including securities settlement, custody and payments systems for institutional clients.
The move follows an April partnership between SIX Group and Chainlink to make equities data tied to more than 2 trillion euros in Swiss and Spanish-listed stocks available onchain across more than 75 blockchain networks.
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Exchanges and clearing firms expand tokenization efforts
Traditional exchange operators and post-trade infrastructure providers are increasingly expanding into tokenized equities and blockchain-based settlement systems as financial markets move toward onchain versions of traditional securities.
In March, Nasdaq said it was connecting its European trading venues to Börse Stuttgart Group’s Seturion tokenized settlement platform to support blockchain-based settlement for tokenized securities across European capital markets.
Nasdaq has also expanded tokenization efforts in the US. The same month, the exchange said it was working with Kraken parent company Payward and Backed to develop infrastructure for tokenized equities and blockchain-based market access.
On Monday, Depository Trust & Clearing Corporation (DTCC), a US securities clearing and settlement infrastructure provider, said it plans to pilot tokenized securities trading with more than 50 traditional finance and crypto companies ahead of a broader launch expected later this year.
Earlier this year, the New York Stock Exchange and parent company Intercontinental Exchange said they were developing infrastructure for tokenized stocks and exchange-traded funds with blockchain-based settlement and support for 24/7 trading.
Data from RWA.xyz shows the market value of tokenized equities has risen about 33% over the past 30 days to around $1.29 billion.
Tokenized equities. Source: RWA.xyz
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