SDX and SBI team up to plot digital assets exchange in Singapore

Quick Take

  • SDX is the digital assets exchange developed by SIX Group
  • SIX and Japan’s SBI Group hope to launch a suite of institutional products in Singapore by 2022

SIX Digital Exchange, the tokenisation arm of Swiss financial services firm SIX Group, has announced a collaboration with Japan’s SBI Digital Asset Holdings to develop a digital assets exchange in Singapore.

The pair hope to launch the exchange by 2022, subject to regulatory approval from the Monetary Authority of Singapore.

Tim Grant, head of SDX, said the partnership builds on the firm’s Zurich-based exchange and will allow the business "to provide services into the Asian market as well as open up the trading channel between Europe and APAC."

The two firms hope to roll out issuing, listing, trading, CSD infrastructure, and digital asset and cryptocurrency custody services for regulated institutional clients in the region. 

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