Hypothekarbank Lenzburg, a regional Swiss bank with assets of more than $7 billion, has become the sixth Swiss bank to join the Six Digital Exchange (SDX).
According to According to the press release issued on September 27, Hypothekarbank Lenzburg joins Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS and Zürcher Kantonalbank. All companies are from Switzerland, and SDX’s company, Six Group, is headquartered in Zurich.
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As specified in the release, by joining the central repository of securities at SDX, Hypothekarbank Lenzburg will gain the ability to trade various types of digital securities on the blockchain-based platform, including digital bonds and digital stocks. Marianne Wilde, CEO of Hypothekarbank Lenzburg, said:
“SDX membership represents an important step in strengthening our bank’s presence in digital assets. In addition to token issuance and custody, our offer should include the possibility of listing digital value rights on a trusted trading venue.
Switzerland is leading cryptocurrency adoption as it expands its friendly regulatory environment. In April, PostBank – a retail bank wholly owned by the Swiss government – partnered with digital asset bank Sygnum to provide its clients with a range of regulated digital asset banking services. In May, Swiss Post Issued A new iteration of cryptocurrency stamps features physical, non-fungible token versions integrated with AI technology.
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