Swiss Exchange Group to Bring Digital Assets Unit SDX In-House

Swiss and Spanish stock exchange operator SIX Group AG is retiring its digital asset exchange brand SDX and absorbing the division’s operations in-house, as mainstream financial firms ramp up plans to use blockchain in traditional markets.

As part of the move, SDX’s trading capabilities will be rolled into the group’s main exchange business, while digital asset settlement and custody services will be run by SIX’s post trade division, Marco Kessler, SIX’s head of product and business development for digital assets, said in an interview.

“We have seen a lot of innovation happen in the post trade space and we wanted ...