SIX, the Swiss financial infrastructure firm, plans to launch its digital exchange in a few months’ time. It has now chosen the blockchain technology it will employ.
SIX’s digital exchange, or short SDX, will rely on the technology developed by the R3 software firm, the company said in a statement on Thursday. R3 is a joint effort of global experts supported by some 45 companies. Together, they develop the so-called Corda Enterprise Blockchain.
The digital exchange will run in parallel with the existing trading platform operated by SIX. It will enable trading with tokenized real estate, illiquid securities or digital equities.
First Tests in Second Half
SDX will be the first digital exchange of the new generation, SIX said. Jos Dijsselhof, the chief executive of Zurich-based SIX, in January promised first tests with SDX in the second half of 2019.
