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December 18, 2023 - Raiffeisen Schweiz, a leading Swiss banking group, has officially become a part of SDX, the world's premier fully regulated financial market infrastructure for digital assets.
SDX, licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates a stock exchange and CSD utilising distributed ledger technology (DLT). Raiffeisen Schweiz's inclusion in these memberships places the bank at the forefront of the digital asset revolution and aligns with its ambitious goal of issuing native digital products upon joining the SDX CSD.
SDX offers a comprehensive blockchain-based platform for the issuing, trading, settling, and custody of digital securities. Notably, its unique "atomic settlement" feature synchronizes trade execution, securities transfer, and payment, effectively eliminating counterparty risks for clients. Furthermore, SDX's seamless integration with SIS (SIX CSD) bridges the gap between digital and traditional infrastructures, providing institutional clients with efficient access.
"By joining the SDX ecosystem, Raiffeisen Switzerland increases its footprint and experience in digital assets with the aim of actively contributing to the development of the digital assets industry and product landscape," says Werner Leuthard, Head of Trading at Raiffeisen Switzerland.
SDX is proud to have built a solid and secure foundation for a global liquidity network for digital assets. And Raiffeisen Schweiz's memberships in our CSD and stock exchange reflects our mutual commitment to embracing the transformative power of blockchain technology and advancing the Digital Asset landscape in Switzerland and beyond," adds David Newns, Head of SIX Digital Exchange.
The Raiffeisen Group is Switzerland's retail bank with the greatest client proximity. With over two million cooperative members and 3.66 million clients, the Group is the second-largest player in the Swiss banking market. The Raiffeisen Group offers private individuals and corporate clients a comprehensive range of products and services via its Group companies, cooperative ventures and participations.
SIX Digital Exchange AG (SDX) is the first fully regulated financial market infrastructure (FMI) for the issuance, trading, settlement, and custody of digital assets. SDX is licensed by Switzerland's financial market regulator, FINMA, to operate as a stock exchange (via SDX Trading AG) and central security depository (CSD) on distributed ledger technology (DLT). As part of the SIX Group, SDX is subject to the Group's high quality and security standards covered under Swiss law.
