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SIX Digital Exchange (SDX) recently announced a strategic partnership with RULEMATCH, a Swiss-based institutional crypto trading platform. This partnership is geared toward transparency and security, offering financial institutions a reliable way to engage with digital assets.
This collaboration addresses the need for compliant crypto solutions in the financial sector. This significant development underscores Switzerland’s leading position in the digital asset space.
SIX Exchange To Enhance Digital Asset Adoption
As digital assets reshape global finance, institutional investors now face a greater demand for secure and reliable platforms. Hence, the reason why SDX and RULEMATCH have
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As digital assets reshape global finance, institutional investors face a greater demand for secure and reliable platforms. Hence, SDX and RULEMATCH have joined forces to provide strong solutions that meet these crucial needs.
The entities will operate differently from regular crypto exchanges that allow direct trading of cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). The entities revealed their services will rely on external market makers and liquidity providers to offer access to the fast-evolving crypto landscape. This partnership is designed to streamline the process for institutions looking to enter the digital asset space
Building Trust: Clear Separation of Roles
A key selling point of this collaboration is the clear distinction between trading and custody services. In an interview, RULEMATCH’s CEO, David Riegelnig, explained that separating the roles of trading and custody is crucial for serving financial institutions in the digital assets industry.
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He revealed that RULEMATCH will oversee trading and post-trade settlements. While SIX Exchange, known for its strong reputation as a custodian, will handle the custody of digital assets.
This separation not only adds an extra layer of security but also provides clients with peace of mind, knowing their assets are in the hands of a trusted custodian.
A Secure and Transparent Solution for Institutions in Europe
David Newns, the head of SDX, echoed this sentiment. He highlighted how the initiative will offer institutional customers full control of their digital assets while maintaining transparency.
He said users of the platform will be able to securely store their digital assets in SDX’s custody while efficiently managing clearing collateral through a dedicated SDX account.
This ensures clarity on asset location and full control over collateral, which is critical for large institutional investors. He emphasized that the two Swiss firms are well-regulated by relevant regulatory authorities.
Furthermore, it was revealed that the platform will launch by the end of the year. The service will be available to banks and financial institutions across Europe. Unfortunately, institutions based in the United States will miss out on this opportunity because the service is not yet available in the U.S. market.
