London Daily

Focus on the big picture.
Wednesday, Sep 17, 2025

What is Switzerland’s digital stock exchange SDX?

What is Switzerland’s digital stock exchange SDX?

Switzerland has become the latest country to clear the way for trading digital assets with a new stock exchange. We break down what it is and what it changes.

Switzerland has become the latest country to clear the way for better regulation of digital currencies like Bitcoin, and perhaps NFTs in the future too.

On Friday, Switzerland’s stock exchange SIX won regulatory approval to launch a digital stock exchange called SIX Digital Exchange (SDX), which could be a step towards the creation of a global network of digital asset trading.

"The digitalisation of financial markets continues apace, and while the final shape of the market is still evolving, this is an important milestone in providing institutional investors with a safe and robust infrastructure," Thomas Zeeb, SIX's global head of exchanges, said in a statement.

So, what will it do and how will it impact digital currencies? Euronews Next takes a look.

How did it happen?


SIX has been working on the digital exchange since 2018. But they wanted Swiss approval so it could create a global network of digital asset trading.

On September 10, SDX said it had finally obtained two licenses from FINMA, Switzerland’s market watchdog.

One license is for the stock exchange and the other for a central securities depository.

The licenses will allow it to operate a stock exchange and depository for blockchain-based securities. More importantly, it allows the stock exchange to open up its infrastructure to supervised financial institutions.

SIX has not yet disclosed when the platform will go live.

What will the SDX do?


SIX said it plans to offer stocks and bonds in the form of digital tokens.

Investors will be able to trade, settle, and store digital tokens on one platform via regulated institutions.

“SDX can now offer the highest Swiss standards of oversight and regulation,” its website said.

SDX will run on distributed ledger technology. This means transactions will be recorded digitally across multiple sites and assets can be tracked. It’s a system that is based on blockchain.

The exchange said on Friday it sees the platform creating a global exchange network for digital assets as the customer base for such assets expands to include banks, issuers, insurance firms and institutional investors.

SDX is expected to initially begin trading in bonds, two sources familiar with the matter told Reuters, adding it was unlikely that shares in already publicly listed companies would hit the digital exchange in the immediate future.

El Salvador is now using Bitcoin as legal tender


SIX officials previously said stocks and possibly exchange-traded funds could also trade on the digital bourse.

They also hinted that other assets - such as paintings or vintage cars - could also be exchanged on SDX in the form of tokens.

Monumental move


The launch of the Swiss platform is a massive leap above other major global stock exchanges to offer securities based on blockchain.

The move comes as cryptocurrencies have been seeing growing acceptance around the world.

Last week, El Salvador became the first country to accept Bitcoin as legal tender. In the same week, Ukraine also adopted a law that will legalise and regulate cryptos.

Newsletter

Related Articles

0:00
0:00
Close
Hong Kong Industry Group Calls for HK$20 Billion Support Fund to Ease Property Market Stress
Joe Biden’s Post-Presidency Speaking Fees Face Weak Demand amid Corporate Reluctance
Charlie Kirk's murder will break the left's hateful cancel tactics
Kash Patel erupts at ‘buffoon’ Sen. Adam Schiff over Russiagate: ‘You are the biggest fraud’
Homeland Security says Emmy speech ‘fanning the flames of hatred’ after Einbinder’s ‘F— ICE’ remark
Charlie Kirk’s Alleged Assassin Tyler Robinson Faces Death Penalty as Charges Formally Announced
Actor, director, environmentalist Robert Redford dies at 89
The conservative right spreads westward: a huge achievement for 'Alternative for Germany' in local elections
JD Vance Says There Is “No Unity” with Those Who Celebrate Charlie Kirk’s Killing, and he is right!
Trump sues the 'New York Times' for an astronomical sum of 15 billion dollars
Florida Hospital Welcomes Its Largest-Ever Baby: Annan, Nearly Fourteen Pounds at Birth
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
Tens of Thousands of Young Chinese Get Up Every Morning and Go to Work Where They Do Nothing
The New Life of Novak Djokovic
The German Owner of Politico Mathias Döpfner Eyes Further U.S. Media Expansion After Axel Springer Restructuring
Suspect Arrested: Utah Man in Custody for Charlie Kirk’s Fatal Shooting
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
×