Share this article
SIX Stock Exchange May Issue Its Own Token, Says Exec
Swiss stock exchange SIX could issue a token on its planned digital assets exchange in 2020, according to its head of securities and exchanges.
Updated Sep 13, 2021, 9:08 a.m. Published May 6, 2019, 10:00 a.m.
Switzerland’s top stock exchange SIX could issue a token to meet its goal of digitizing traditional assets, according to its head of securities and exchanges.
Thomas Zeeb told Finews in an interview published Monday that the SIX’s planned digital exchange will go live with a native token and an “initial digital offering" (IDO) service in 2020. That would follow a trial expected to be completed late this summer.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Zeeb said:
“We’ve got a number of organizations which want to launch tokenized structured products, real estate funds, and so on. But it could also be our own IDO.”
“Whether we begin with warrants, structured products, funds is up to our clients to decide. That is currently being finalized with our user-owners,” he added.
The executive further said that an IDO needs to comply with similar standards to an initial public offering or IPO.
By 2021, Zeeb expects the in-development SIX Digital Exchange (SDX) to be tokenizing traditional securities such as equities, fixed income and funds, provided the regulatory set-up is in place.
“Maybe the token will eventually replace the share one day,” he said.
However, the executive said the exchange is currently not comfortable with offering trading service in cryptocurrencies due to their anonymous nature and compliance risks. “The way bitcoin is currently set up and traded, it wouldn’t meet the criteria for SDX,” Zeeb said.
SIX is spending a “double-digit million amount” on building the SDX over two years, Zeeb added, as well as looking to hire 30 more people by the end of 2019 to bring SDX's total to 100 staff. The company is working with R3’s Corda Enterprise blockchain to build the platform.
The stock exchange revealed last June its plan to create a regulated exchange platform for digital assets, starting with stocks and then exploring other tradable instruments including fine art.
SIX image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
