In a significant move shaping the future of the Swiss market for tokenized digital assets, SDX, the world’s premier fully regulated financial market infrastructure for digital assets, proudly announces Hypothekarbank Lenzburg as its latest member on its Central Securities Depository (CSD).
SDX, renowned as the first fully regulated financial market infrastructure for digital assets and licensed by the Swiss Financial Market Supervisory Authority (FINMA), has warmly welcomed Hypothekarbank Lenzburg into its esteemed fold. This development underscores the expanding influence of digital assets in the financial sector and cements SDX’s reputation as a pioneering force in this arena.
What Makes SDX Unique?
SDX operates a stock exchange and Central Securities Depository (CSD) utilizing cutting-edge distributed ledger technology (DLT). Its seamlessly integrated blockchain-based platform provides a secure and reliable ecosystem for the issuance, trading, settling, and custody of digital securities. This forward-looking approach to finance marks a pivotal moment in the evolution of traditional banking structures.
Hypothekarbank Lenzburg, a Swiss universal bank established in 1868, has taken a significant step forward by joining SDX’s CSD. The move aligns with the bank’s strategic vision to become a major player in the Swiss market for tokenized digital assets. Through this partnership, Hypothekarbank Lenzburg gains access to SDX’s comprehensive infrastructure for various digital securities types, including Digital Bonds and Digital Equities. This access facilitates a streamlined and fully compliant process in accordance with regulatory requirements, thereby enhancing the bank’s capabilities in the digital assets arena.
“The SDX membership marks a significant step in advancing our bank’s presence in digital assets. Beyond token issuance and custody, our offering should include the possibility of listing digital value rights on a trusted trading venue. SDX’s ecosystem aligns seamlessly with our goals, and we eagerly anticipate this cooperation,” says Marianne Wildi, CEO of Hypothekarbank Lenzburg.
“We firmly believe that a strategic alliance with Hypothekarbank Lenzburg facilitates our mission to provide institutional clients with innovative, trusted, and efficient financial markets infrastructure and services for digital assets,” adds David Newns, Head of SIX Digital Exchange.
Hypothekarbank Lenzburg is the sixth bank to join SDX’s prestigious roster, joining existing members Berner Kantonalbank, CM-Equity, Credit Suisse, Kaiser Partner Privatbank, SIX SIS, UBS, and Zürcher Kantonalbank. This collaborative effort underlines the industry’s collective commitment to pioneering advancements in digital finance and ensures a robust future for the tokenized assets landscape.
SIX Digital Exchange AG (SDX) stands as the first fully regulated financial market infrastructure (FMI) for the issuance, trading, settlement, and custody of digital assets. Licensed by Switzerland’s financial market regulator, FINMA, SDX operates as a stock exchange (via SDX Trading AG) and central security depository (CSD) on distributed ledger technology (DLT).
Hypothekarbank Lenzburg, a Swiss universal bank founded in 1868, operates in retail banking, mortgage lending, private banking, and SME business. In its banking-as-a-service business, it provides banking services to third-party financial service providers. The bank offers professional asset management through its “HBL Asset Management” brand and actively develops and operates a core banking system with an open API architecture through Finstar.