SIX to invest in crypto platform Omniex ahead of SDX launch

SIX Swiss Exchange has made an investment in crypto-trading specialist Omniex, which will provide the front-end platform for its upcoming digital asset exchange SDX.

The Swiss stock exchange said it has signed an agreement with Omniex to give its customers secure access to digital assets and SDX-listed assets through the company's trading platform. SIX has also become an Omniex shareholder, although the terms of the investment have not been disclosed.

Hu Liang, CEO and co-founder of Omniex, launched in 2018, was formerly the senior vice president of State Street and founder of the emerging banking technology center that focused on crypto, blockchain and other emerging technologies.

“Together with SIX, we want to offer an end-to-end solution for trading and settling digital assets, including the SDX, once operational live. It will take some time, but the cornerstones are there to accelerate the wider acceptance of native digitized assets, "said Hu Liang, CEO and co-founder of Omniex.

SIX confirmed plans to launch SDX (SIX Digital Exchange) in July 2018 to offer institutional clients trading, settlement and custody of cryptocurrencies. In September, SDX released its DLT-based prototype for trade and settlements with the full release starting this year in the fourth quarter.

"With SDX as the digital exchange infrastructure under development, the partnership with Omniex to deliver the front end for customers, both for existing crypto currencies &, in the future, for SDX listed assets, is an important addition to the digital ecosystem, "said Thomas Zeeb, head of securities and stock exchanges and member of the board of directors of SIX.

. (TagsToTranslate) SDX (t) SIX (t) Omniex (t) Crypto (t) DLT (t) Investment

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