The SIX Swiss Exchange revealed that it’s invested into an institutional trading platform, with designers working with the Omni-EX Development House. Located in San Francisco, they’ve been tasked to provide the SIX Swiss Exchange and the Swiss Digital Exchange with accessibility to global cryptocurrency markets. This follows after the SIXSE had confirmed that they were looking into the blockchain industry for the release of future products.
The Head of Securities & Exchanges with the SIX Swiss Exchange, Thomas Zeeb, commented on this investment. Through these comments, it was expressed that the requirement for SIXSE to maintain cryptocurrency products has grown exponentially over the last year. By selecting Omni-Ex Development House, this Switzerland-based network can offer standardized products that are backed by security protocols.
The official statement from Thomas Zeeb reads: “With SDX as the digital exchange infrastructure in development, the collaboration with Omni-Ex to deliver the front end for clients, both for existing cryptocurrencies, as well as in future for SDX-listed assets, is an important addition to the digital ecosystem.”
The Investment Details
The SIX Swiss Exchange has become a shareholder with Omni-Ex Development House, purchasing a significant sum of stocks for an undisclosed amount of money. Whatever the associated cost, it would’ve been minimal in comparison to the 1 Trillion Swiss Francs held by SIXSE for market capitalization.
The SIX Swiss Exchange has become a shareholder with Omni-Ex Development House, purchasing a significant sum of stocks for an undisclosed amount of money. Whatever the associated cost, it would’ve been minimal in comparison to the 1 Trillion Swiss Francs held by SIXSE for market capitalization.
Details on Omni-Ex
Executives with the State Street Brokers founded the Omni-Ex Development House. Their well-known reputation enabled for more than $5 million to be raised during the initial seed round. It’s allowed them to create their defining products which will be used by SIXSE.
The Co-Founder and CEO of Omni-Ex, Hu Liang, also spoke on the recent investment. She stated: “Together with SIX we aim to offer an end-to-end solution for the trading and settlement of digital assets, including the SIX Digital Exchange (SDX), once operationally live. It will still take some time, but the cornerstones are in place to accelerate the broader adoption of natively digitalized assets.”
Haydn Franklin
