SDX receives FINMA clearance, offering EUR bonds trading & settlement.
SIX Digital Exchange (SDX) has been granted regulatory clearance by FINMA to facilitate the issuance, trading and settlement of bonds denominated in EUR. This new service will be available to SDX members from February 1st 2023, offering issuers the opportunity to issue EUR denominated bonds under Swiss law.
The trading and settlement of bonds denominated in EUR can now be done atomically through SDX-CSD, the first regulated CSD based on distributed ledger technology (DLT). This provides a new level of efficiency for members of SDX by allowing them to initiate tokenization and de-tokenization of tEUR (tokenized EUR) through a connection to euroSIC.
David Newns, Head of SDX, commented on the new service: “SDX is once again showing its pioneer status in the digital asset space. We are using DLT to provide attractive and applicable services for the EUR market. These are truly exciting times!”
The introduction of this new service is a significant milestone for SDX, as it opens up a host of new possibilities for market participants in the digital asset space. It also demonstrates SDX’s commitment to providing innovative solutions to the securities markets.
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