Raiffeisen Schweiz, a prominent Swiss banking group, has announced its membership in SDX, the world’s first fully regulated financial market infrastructure for digital assets. SDX, licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates a stock exchange and central security depository (CSD) using distributed ledger technology (DLT). Raiffeisen Schweiz’s participation positions it as a key player in the digital asset revolution and aligns with its ambition to issue native digital products upon joining the SDX CSD.
SDX offers a comprehensive blockchain-based platform that covers the entire lifecycle of digital securities, including issuance, trading, settlement, and custody. Notably, SDX’s platform features an innovative “atomic settlement” capability that synchronizes trade execution, securities transfer, and payment, thereby eliminating counterparty risks for clients. The integration with SIS (SIX CSD) further enables seamless access for institutional clients, bridging the gap between digital and traditional infrastructures.
Werner Leuthard, Head of Trading at Raiffeisen Schweiz, commented on the strategic move, stating, “By joining the SDX ecosystem, Raiffeisen Switzerland increases its footprint and experience in digital assets with the aim of actively contributing to the development of the digital assets industry and product landscape.”
David Newns, Head of SIX Digital Exchange, expressed pride in the partnership, emphasizing the commitment to blockchain technology and the advancement of the digital asset landscape in Switzerland and beyond. “SDX is proud to have built a solid and secure foundation for a global liquidity network for digital assets. And Raiffeisen Schweiz’s memberships in our CSD and stock exchange reflect our mutual commitment to embracing the transformative power of blockchain technology.”
SDX, as part of the SIX Group, adheres to high-quality and security standards under Swiss law. The platform’s regulatory compliance, coupled with Raiffeisen Schweiz’s robust presence in the Swiss banking market, positions the collaboration as a significant step towards the future of finance.
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. Holding licenses from 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). As part of the SIX Group, SDX upholds high-quality and security standards under Swiss law.
The Raiffeisen Group stands as Switzerland’s retail bank with the greatest client proximity, boasting over two million cooperative members and 3.66 million clients. As the second-largest player in the Swiss banking market, the Raiffeisen Group offers a comprehensive range of products and services to private individuals and corporate clients through its group companies, cooperative ventures, and participations.
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