The SIX Digital Exchange (SDX) continues to progress according to plan, making it the world’s first distributed ledger technology (DLT)-based platform for the issue, trading, settlement and custody of digital assets.

This exchange innovation is now joining forces with innovation in the currency space: SIX is working with the Swiss National Bank (SNB) on a proof of concept to explore how digital central bank money could be used in the settlement of tokenized assets between market participants. This study is being conducted in line with the Centre for Research into Innovative Financial Technologies (the BIS Innovation Hub Centre), which was recently established by the SNB and the Bank for International Settlements (BIS) in Switzerland.

As part of this proof of concept, SDX will provide its platform to explore technical possibilities for integrating digital central bank money into DLT platforms. Possibilities include the connection of the existing Swiss Interbank Clearing System or the issue of digital Swiss franc tokens by the SNB for financial market participants (a so called, wholesale central bank digital currency) on the SDX system.

The economic opportunities that could result from the availability of digital central bank money in the future are significant. The DLT-based exchange of ‘tokenized’ assets and digital central bank money has the potential to reduce counterparty risk and enable innovative forms of value creation in finance.

Jos Dijsselhof, CEO SIX: “As the operator of the Swiss financial market infrastructure, we welcome the initiative of the SNB and the BIS to conduct more research into innovative financial technologies in Switzerland. We are pleased to contribute to this initiative and, through SIX Digital Exchange, to explore the technological possibilities with which the SNB could support token-based financial ecosystems in the future by providing digital central bank money for financial market participants.”

Thomas Zeeb, Head Securities & Exchanges, SIX: “Innovation means breaking new ground. With the SIX Digital Exchange, we are following this path with a number of partners from the Swiss financial center. We are delighted to have the Swiss National Bank and the Bank for International Settlements at our side. Our proof of concept on the subject of digital central bank money for financial market participants on DLT platforms will not only provide technological insights, but will also send an important signal to all market participants to take steps to explore DLT technology and digital assets.”


Press release Swiss National Bank

Any questions?

Please do not hesitate to contact Jürg Schneider.

About SIX
SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.