SDX Breaks through 1 Billion CHF in Digital Asset Transactions

SIX Digital Exchange (SDX) has announced transactionsexceeding 1 billion Swiss Francs (CHF) in digital asset issuance. This wasmarked by the settlement of a CHF 200 million bond by the World Bank, which waspriced on May 15.

The collaboration between the World Bank, Swiss NationalBank, and SIX Digital Exchange highlights a collective effort to advancedigitalization within capital markets.

Leading in wCBDC Settlements

The participation of key issuers, such as The World Bank,UBS AG, various Swiss municipalities, and SIX Group AG, has played a pivotalrole in propelling the Swiss Financial Centre's journey toward digitaltransformation.

Notably, several issuances have been part of the SwissNational Bank's Project Helvetia Phase III, enabling settlements in Swiss Francwholesale Central Bank Digital Currency (wCBDC). Switzerland stands out as thesingular major financial centre facilitating securities transactions settlementin wCBDC.

David Newns, Head of SIX Digital Exchange, said: Ourobjective has always been to seamlessly connect digital and traditionalinfrastructure, mitigating market fragmentation and facilitating the efficienttransition to digital assets. The digital bonds issued to date remain open tothe entire investor base as they are listed, traded and settled both on aregulated digital exchange and traditional market infrastructures.

We are delighted to announce that #SDX is set to surpass 1 billion Swiss Francs in #digitalasset issuances facilitated on our platform. This milestone will be achieved with the #settlement of the CHF 200 million bond by the @WorldBank, priced on 15 May.This achievement

Adopting DTI Standard for the Digital Asset Market

The financial industry increasingly adopts the Digital TokenIdentifier (DTI) ISO standard 24165, a unique identifier for digital assets. SDXhas become the first private Distributed Ledger Technology infrastructureto adopt the standard developed by the Digital Token Identifier Foundation, asreported by Finance Magnates.

DTIs pinpoint digital ledgers, tokens, and cryptocurrencies,aiding regulators in supervising exchanges, ensuring compliance with anti-moneylaundering measures, and monitoring risks.

The European Securities and Markets Authoritypromotes DTI use within the EU's DLT Pilot initiative. SDX's decision toimplement DTI across its products marks a milestone. SDX, a part of SIX SwissExchange, concluded 2022 with a substantial net profit despite marketchallenges.

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Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan

The Swiss National Bank (SNB) said it plans to issue a wholesale central bank digital currency as a pilot via SIX Digital Exchange, a subsidiary of SIX, an operator of infrastructure for the Swiss and Spanish financial centers. SNB chairman Thomas Jordan said while the Central Bank has not ruled out launching retail CBDCs, the [...]

The post Swiss Central Bank to Launch Wholesale CBDC Soon Says Chairman Thomas Jordan appeared first on Crypto Breaking News.

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Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem

While the co-founder of Terraform Labs has been sentenced to four months in jail in Montenegro, a team of six anonymous developers have been attempting to revive the Terra Classic ecosystem after its collapse in May 2022. The six programmers, known as the “Six Samurai,” wholeheartedly believe that luna classic (LUNC) has “limitless upside potential.” [...]

The post Six Samurai: Anonymous Developers Seek to Revive Terra Classic Ecosystem appeared first on Crypto Breaking News.

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Reddit co-founder bought 50,000 Ether during pre-sale, for $15K

Alexis Ohanian is extremely bullish on cryptocurrency, even using the proceeds from his early Ether investment to found a crypto-focused venture capitalist firm.

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UBS Offers Bond Traded on Traditional and Blockchain Exchanges

<p class="MsoNormal">UBS AG (<a href="https://www.financemagnates.com/tag/ubs/" target="_blank">NYSE:UBS</a>), a Swiss financial company headquartered in Zurich, priced the first digital bond in the history of banking institutions that will be settled both on a blockchain-based and traditional <a href="https://www.financemagnates.com/terms/e/exchange/" target="_blank" id="b5da6e64-2afe-421d-9b81-16404b7d59d6_1" class="terms__main-term">exchange</a>. It will be dual-listed at the SIX Swiss Exchange (SIX) and SIX Digital Exchange (SDX).</p><p class="MsoNormal">According to the press release, UBS issued an inaugural senior unsecured digital bond, worth 375 million Swiss francs, for three years with a 2.33% coupon. The digital bond has exactly the same rating and legal status as traditional bonds issued by UBS. Investors can purchase digital debt even if they do not use the blockchain infrastructure that has been necessary for such transactions until now.</p><p class="MsoNormal">“We are proud to leverage distributed ledger technology to launch the inaugural UBS digital bond. This shows our commitment to support the development of new financial market infrastructure. UBS is committed to using technology not just as an enabler, but to making it a true differentiator for UBS,” Beatriz Martin, the Treasurer at UBS Groups, said.</p><p class="MsoNormal">The bond is settled through the SDX network, a distributed ledger-based central securities depository (CSD). Settlement using SDX CSD is automatic and fast, without the need to involve a central clearinghouse.</p><p class="MsoNormal">Digital Bonds Getting Traction</p><p class="MsoNormal">The Swiss exchange has broad experience with listing, trading and settling blockchain-based products. In November 2021, SDX successfully <a href="https://www.financemagnates.com/institutional-forex/exchanges/six-issues-the-worlds-first-digital-chf-bond/">placed</a> the first senior unsecured digital CHF bond. The exchange is currently a place where a growing number of cryptocurrency <a href="https://www.financemagnates.com/tag/etfs/" target="_blank">ETFs</a>, ETPs and other indexes linked to digital assets are listed.</p><p class="MsoNormal">The Tel Aviv Stock Exchange (TASE) also wants to issue its own digital bond. It <a href="https://www.financemagnates.com/cryptocurrency/project-eden-israel-wants-to-issue-digital-government-bonds/">cooperates</a> with the Israeli Ministry of Finance (MoF) to implement government debt with <a href="https://www.financemagnates.com/terms/b/blockchain/" target="_blank" id="be18ed01-45fc-4044-b447-06802a10dbcd_4" class="terms__secondary-term">blockchain</a> technology. Although the project dubbed ‘Eden' will be conducted as a pilot only, if successful, it could increase the popularity of such instruments in the future.</p> This article was written by Damian Chmiel at www.financemagnates.com.

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Sixth-tier English football league club Oxford City Football Club accepts BTC

The adoption of Bitcoin ((BTC/USD)) in the United Kingdom has gone a notch higher after a sixth-tier English football league club Oxford City Football Club announced that it will start accepting bitcoin payments once the next season starts on August 6.

The announcement was made after Oxford City struct a multi-year partnership with CoinCorner, which is an Isle of Man-based Bitcoin company.

Oxford City fans will be able to buy match day tickets, food, and drinks at Oxford City’s RAW Charging Stadium using bitcoin over the Lightning Network besides the conventional payment methods like cash and credit cards. This makes the club the first National League football club to accept fans to pay for match day tickets using BTC.

In addition, the back of the shirts of Oxford City football players will have a BTC logo.

Following the partnership between Oxford City Football Club and CoinCorner, CoinCorner will be a back-of-shirt sponsor for the football club.

Besides “The Hoops” having a BTC logo at the back of their shirts, CoinCorner also released a limited edition Oxford City FC Bolt Card in commemoration of the development.

CoinCorner will also be the official match sponsor of Oxford City FC’s opening game on August 6.

Commenting about the partnership, CoinCorner CEO, Danny Scott, said:

“OCFC is the first adopter of Bitcoin payments in the National League. We believe this move will set a trend across Non-league and Football League divisions as digital currency establishes itself as the new normal for sports fans and event-goers across the U.K.”

Interestingly, on the same day that Oxford City FC was announcing its partnership with CoinCorner, Real Bedford, another pro-Bitcoin football club, announced that it will also accept Bitcoin for matchday tickets. Bedford, however, plays in a lower local league, the Spartan South Midlands League.

The post Sixth-tier English football league club Oxford City Football Club accepts BTC appeared first on Invezz.

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The SIX Swiss Exchange Approves Hashdex as a Crypto ETP Issuer

Hashdex, a leading global crypto-focused asset manager, announced on Monday that it got approval from the SIX Swiss Exchange to list ETPs in Switzerland.

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SIX Digital Exchange Inks Partnership with Daura

On Wednesday, SIX Digital Exchange (SDX), the world’s first fully regulated FMI digital asset exchange, announced a partnership with daura, a Swiss equity tokenization platform.

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LMAX Group and SIX Partner to Launch Crypto Futures

LMAX Group, an operator of institutional forex and cryptocurrency trading platforms, announced on Thursday its partnership with major Swiss stock exchange, SIX for the launch of cash-settled and ce...

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Swiss SIX Receives Regulatory Approval to Launch Digital Token Exchange

Switzerland’s SIX Digital Exchange (SDX) is launching its digital asset market that is open to firms seeking to list their securities for traders and inverts to acquire shares of the underlying companies. (Read More)

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SIX Launches New Crypto Reference Rates and Real-Time Indices for Institutional Investors

The global financial information provider, SIX, haslaunched the new SIX Reference Rate Crypto and SIX Real-Time Crypto Indices,aiming to serve as benchmarks for AsiaNext's crypto derivatives tradingplatform and institutional investors worldwide.

The financial information provider has introduced a setof indices aimed at enhancing crypto trading. The new SIX Reference Rate Cryptoand SIX Real-Time Crypto Indices promise to offer unprecedented transparencyand reliability in the crypto market.

These indices cover major crypto assets like Bitcoin and Ethereum, providing a comprehensive overview of the market'sperformance.

AsiaNext's Role

Dr. Christian Bahr, the Head of Index Services and Financial Information at SIX, mentioned: "The introduction of these BTCand ETH Indices underlines our dedication to delivering sophisticated andwell-tailored solutions for very specific use-cases, such as crypto derivativestrading. I am confident that these benchmarks will serve as an indispensabletool for AsiaNext and foster the creation of an ecosystem between derivativeexchanges and institutional investors."

AsiaNext, a digital asset trading venue co-foundedby SIX and SBI Digital Asset Holdings, is set to benefit from these indices.With a focus on regulation and stringent standards of corporate governance,AsiaNext aims to provide institutional investors with a secure platform forexecuting market strategies and trading digital assets confidently.

According to a statement sent to Finance Magnates,the partnership between AsiaNext and SIX symbolizes the convergence oftraditional finance and the crypto ecosystem. By offering institutions thenecessary governance, processes, and tools to navigate the volatile cryptomarket, this collaboration sets a significant milestone for the industry.

The Future of Derivatives and ETF Trading?

Sudeep Chatterjee, the Head of Product at AsiaNext,highlighted the commitment to providing institutional clients with robustcrypto derivatives trading, including standardized performance evaluation andtimely risk management.

Last year, SIX introduced ETF QOD Europe, a platformdesigned to enhance the trading experience for European ETFs and ETPs. Thismove signifies a strategic expansion for SIX, positioning it as a regulatedexchange operator catering to the diverse needs of traders and asset managersacross various European markets.

ETF QOD Europe addresses the evolving needs ofmarket participants by offering diverse execution mechanisms, high liquidity,and competitive pricing. Through collaborations with internal CCP SIX x-clear,Cboe Clear Europe, and LCH Ltd, the platform ensures seamless on-exchangeprocessing, clearing, and settlement, mitigating counterparty risk andoptimizing trading costs.

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