Six Digital Exchange (SDX), the new crypto exchange from Switzerland’s principal stock exchange SIX, plans to offer end-to-end trading, settlement and custody service for digital assets when it rolls out in mid-2019.
In November, Thomas Zeeb, head of securities and exchanges at SIX, told Reuters that the new exchange will initially run parallel to the existing exchange but that he expects the existing system to be “completely replaced by the digital exchange in about 10 years.”
In a recent interview posted by SIX, Zeeb emphasizes the far-reaching potential of SDX and how he believes it will transform the industry.
Here are highlights from the interview.
Anything Can Be Tokenized
“There are almost no limitations to the types of assets that can be tokenized. The realm of conceivable tokenized assets includes digital currencies and securities, and perhaps someday even non-bankable assets such as paintings and real estate.
A token can be almost infinitely fractionalized. I could then, for instance, get a fraction of a share – 0.00173 Nestlé, for example. Cryptocurrencies have already made us familiar with this principle. Imagine the services that banks could offer their clients in the future. Tokenization will give all assets a new digital quality. They will become intelligent in a way because we’ll be able to do almost anything with them via smart contracts.”
SDX Will Offer Digital ICOs
“SDX will offer digital IPOs. What we’re striving for is a white ICO. Starting in spring of next year [spring of 2019], we will meet with banks and the Swiss regulator FINMA to swap ideas on how ICO services from our side might look. We need to define standards, perhaps not as high as those for a traditional IPO,