Today, SIX Digital Exchange (SDX) has announced its expansion of institutional cryptocurrency services through a partnership with DLT Finance, a BaFin-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 with DLT Finance 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 regulated trading capabilities provided by DLT Finance are a key appeal of this partnership. SDX is actively involved in both cryptocurrency and digital securities and believes that these two sectors will eventually converge. In June 2022, SDX launched its web3 offering in partnership with Fireblocks and later introduced its staking solution. The institutional adoption of cryptocurrency in Switzerland is also gaining momentum, with digital asset banks Sygnum and SEBA signing major collaborations with traditional banks. Sygnum, which has 15 banking clients, is providing the infrastructure for government-owned PostFinance to offer retail crypto services. SEBA’s first key partner was Julius Baer, and it recently announced St. Galler Kantonalbank as a client, joining LGT Bank Liechtenstein.

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Information	Details
Geography	Europe
Countries	🇨🇭
Sentiment	positive
Relevance Score	1
People	Stephan Kunz, None
Companies	TP ICAP, PostFinance, Fireblocks, DLT Finance, St. Galler Kantonalbank, Fusion Digital Assets, SDX, Sygnum, SEBA, LGT Bank Liechtenstein
Currencies	None
Securities	None