Reuters reported that the launch of SIX Digital Exchange (SDX) trading platform has been postponed to the end of 2020 because it is still finalizing legal and regulatory matters this year.
SDX trading platform is designed by Swiss exchange operator SIX Group. The platform will run on blockchain technology.
Local Swiss media reported early this year that the SDX, which will run on distributed ledger technology (DLT), was well placed and ready to be launched in the second half of 2019.
In May 2019, SIX was working on its own CHF stablecoin, a cryptocurrency pegged to the Swiss Franc, to make trading on SDX easier.
SDX will focus on tokenizing stocks and bonds as well as exploring opportunities with other digital versions of physical assets. SDX is also designed for security token offerings (STOs), which SDX intends to explore also for fundraising.