SDX, the SIX Digital Exchange, has announced its expansion of institutional cryptocurrency services through a partnership with DLT Finance, a licensed trading and brokerage firm. SDX will continue to act as the custodian and staking provider, while DLT Finance’s subsidiary, DLT Securities, will serve as the counterparty for brokerage and trading. This collaboration strengthens SDX Web3’s position as a leading crypto service provider in Switzerland and reinforces its ability to offer a comprehensive solution for financial institutions looking to scale their digital asset business. The partnership also highlights the growing institutional adoption of cryptocurrency in Switzerland. In addition to SDX, other digital asset banks in the country, such as Sygnum and SEBA, have formed significant collaborations with major banks and are experiencing increased demand for their services. Overall, the convergence of cryptocurrency and digital securities is becoming more apparent, and SDX is well-positioned to capitalize on this trend.
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Details |
Geography |
Europe |
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Sentiment |
positive |
Relevance Score |
1 |
People |
None, Stephan Kunz |
Companies |
SEBA, SDX, St. Galler Kantonalbank, Fireblocks, LGT Bank Liechtenstein, Fusion Digital Assets, PostFinance, DLT Finance, TP ICAP, Sygnum |
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None |
Securities |
None |