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In the latest development, Switzerland-based SIX Digital Exchange (SDX) has invited financial institutions from across the globe to back its Initial Digital Offering (IDO). SDX is a blockchain-based utility that is completely owned by the Swiss stock exchange SIX Group.The SIX Digital Exchange plans to launch its IDO in mid-2020. This will be just similar to a traditional IPO except for the fact that the shares will be in the form of security tokens available on the SDX platform.The...

Swiss stock exchange SIX announced that they have launched a pilot version of its exchange and central securities depository (CSD) for digital assets.This prototype platform, launched under SIX Digital Exchange (SDX) which is its digital assets branch, is expected to experience the even better performance as it will be proceeding towards a full launch slated for Q4 2020.According to Jos Dijsselhof, who is the head of SIX, the existing system could be completely replaced by the SDX within just...