SIX Swiss Exchange, the largest stock exchange in Switzerland, is developing its own stablebcoin, the price of which will be pegged to the local franc. Reported by the Cointelegraph .
In addition, in the second half of 2019, the company plans to launch a digital tokens exchange based on the blockchain, however, at this stage, the SIX Swiss Exchange is not ready to confirm whether the developed steylcoin will be there.
Earlier in May, SIX Swiss Exchange announced that it would launch its own platform for trading digital assets with a native token and a primary digital offer (IDO) service.
As then stated the head of the securities department of the stock exchange, Thomas Seeb, SIX had already addressed a number of companies that intend to launch tokenized tools such as traditional securities, private shares or funds. In this regard, the exchange is seriously considering the possibility of creating its token as a platform for such initiatives.
“It is possible that the token will someday replace the actions,” Zeeb emphasized.
Testing site should begin this summer, and the launch itself, as expected, will take place in early 2020, but it is unclear whether the mentioned steybcoin will be ready by that time.
Recall that in April, SIX Swiss Exchange launched an Exchange Traded Product (ETP) based on the Ripple XRP token.
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