SIX Group Retires SDX Brand, Integrates Digital Asset Operations In-House

SIX Group integrates its digital asset division into its main exchange, signaling a deeper commitment to blockchain technology while focusing on wholesale CBDCs with the Swiss National Bank.

MOVE

Summary

SIX Group has decided to merge its digital asset division, SIX Digital Exchange (SDX), into its main exchange and post-trade services, ending the SDX brand. This strategic shift is designed to streamline blockchain adoption within financial markets, with an ongoing focus on projects like wholesale CBDCs in collaboration with the Swiss National Bank.

Terms & Concepts
  • Blockchain: A decentralized digital ledger technology that records transactions across multiple computers securely and transparently.
  • Digital Asset Exchange: A platform that facilitates the trading of cryptocurrencies and tokenized assets using blockchain technology.
  • SDX: The digital asset trading arm formerly operated by SIX Group AG, focusing on blockchain applications in financial markets.