SIX Exchange Inks Deal With Omniex To Access Crypto Exchanges

SIX Exchange Inks Deal With Omniex To Access Crypto Exchanges

Switzerland’s leading stock exchange, SIX Swiss Exchange, announced that it signed a partnership agreement with Omniex, a financial technology company that provides an institutional grade investment and trading platform specifically built for the needs of digital assets and crypto currencies.

According to SIX press release, the partnership will provide the company and its clients a gateway to worldwide digital exchanges (including crypto and OTC market makers). As part of the partnership, SIX will become a shareholder in Omniex, while the parties agreed not to disclose the amount of the investment.

Apart from future assets listed on the SDX platform, the partnership will extend to SIX’s forthcoming SIX Digital Exchange (SDX).

SIX Responds To Demand For Crypto Gateway

SIX Executive Board member, Thomas Zeeb, stated that the exchange had identified a “growing need in the market to access crypto,” adding: “Our new collaboration will provide a standardized and secure gateway via SIX as the trusted partner of the financial industry.”

Hu Liang, CEO and Co-Founder Omniex:

“The Swiss market leads other major financial markets in the adoption of legislation and regulation supporting digital asset trading and settlement. Together with SIX we aim to offer an end-to-end solution for the trading and settlement of digital assets, including the SIX Digital Exchange (SDX), once operationally live. It will still take some time, but the cornerstones are in place to accelerate the broader adoption of natively digitalized assets.”

SDX Will Launch This Year

On 6 July 2018, SIX announced it would launch a digital exchange of assets. The stock exchange has described the upcoming platform as “a fully integrated trading, settlement, and digital asset custody infrastructure” supervised by Swiss regulators.

Last year, SIX deployed an SDX prototype to demonstrate settlement through distributed ledger technology, issuance of security tokens and live trade. SIX is currently planning to conduct an “Initial Digital Offering” for SDX during mid-2020, before the digital exchange of assets begins in the fourth quarter.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.