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  • They will study how a central bank digital currency (CBDC) can settle trades of tokenized assets.
  • Among other things, they will be looking into the potential digitization of the Swiss franc.

The Swiss central bank and the SIX stock exchange will study how financial traders can potentially settle trades of tokenized assets via a central bank digital currency (CBDC). As per SIX Digital Exchange (SDX), a subsidiary of the exchange, they have partnered up with the Swiss National Bank and the Bank of International Settlement’s Innovation Hub Centre to explore different use cases. Part of the research includes looking into the potential digitization of the Swiss franc on the SDX platform.

Thomas Zeeb, Head Securities & Exchanges at SIX said:

“Innovation means breaking new ground. With the SIX Digital Exchange, we are following this path with a number of partners from the Swiss financial center. We are delighted to have the Swiss National Bank and the Bank for International Settlements at our side. Our proof of concept on the subject of digital central bank money for financial market participants on DLT platforms will not only provide technological insights, but will also send an important signal to all market participants to take steps to explore DLT technology and digital assets.”

Jos Dijsselhof, CEO of SIX added:  

“As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. We are pleased to contribute to this initiative and, through SIX Digital Exchange, to explore the technological possibilities with which the SNB could support token-based financial ecosystems in the future by providing digital central bank money for financial market participants.”

As reported by CoinDesk, SIX has been lately listing numerous crypto-based exchange-traded products. It is also going to launch its digital assets exchange. A prototype of this platform was announced late last month.