Switzerland’s principal stock exchange, SIX, has revealed more details about its plan to launch a blockchain-powered trading platform.

In an interview with online publication Finews, SIX’s head of securities and exchanges Thomas Zeeb said that the company would launch a pilot in late summer, with first services expected to be live in early 2020. SIX plans to start with what it calls “native digital applications”, including launching new crypto tokens and an “initial digital offering (IDO) service”.

Zeeb indicated that SIX had had talks with a number of organisations, which wanted to launch “tokenised structured products, real estate funds and so on”. But he also said that the Swiss exchange might launch its own token. The company’s ultimate goal is to be able to tokenise existing securities, such as equities, fixed income and funds. Zeeb thinks that tokens replacing shares could be a possible scenario in the future.

“We would need to be able to freeze and segregate shares in one place in order to issue…

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Source: https://thebitcoinnews.com/swiss-stock-exchange-plans-to-launch-tokens-on-upcoming-sdx-platform/