From the start of this year, quite a lot of “stock-offering” companies like Robinhood have started to secure licenses to offer crypto products. This is due to the increasing demand for crypto all over the world.
On Friday, Switzerland’s SIX announced that it has secured two different licenses from the Swiss Financial Market Supervisory Authority in furtherance of its activities. The first license is for SIX to be legally recognized as a stock exchange, while the second allows it to offer a storage for blockchain-based securities.
When the exchange finally goes live, the management of SIX said it will be offering something new to both the stock and crypto industry. Thomas Zeeb, the head of SIX, says the exchange will be offering bonds, ETFs and stocks like [digital] tokens.
In addition, Thomas noted that the exchange will be running on a blockchain infrastructural backing. With this, SIX will use the immutability feature of blockchain as a ledger for its transactions.
Bearing in mind that a lot of companies that offer crypto are having issues with regulators, Thomas reassured that SIX is working hand-in-hand with the necessary regulators as it launches its product.
Quoting him, he said: “We will continue to work with our clients, regulators, and other stakeholders to shape the markets of the future.”
Read more: The SEC Serves Coinbase Wells Notice.