Financial service provider SIX is developing a pegged to the franc, a company spokesman confirmed to Cointelegraph on May 23.
The company is also planning to a -powered for digital in the second half of 2019, but the spokesman said he was currently not at liberty to discuss further details concerning whether the stablecoin will operate on that exchange.
SIX also runs Switzerland’s top stock exchange — and earlier this month, a top executive that the company is planning to issue its own on the upcoming digital exchange. Thomas Zeeb, SIX’s head of securities and exchanges, said at the time:
“Ultimately we want to be able to tokenize existing securities — equities, fixed income, funds. Maybe the will eventually replace the share one day.”
Testing is expected to begin later in the summer, paving the way for a live rollout early next year. It is unclear whether the stablecoin will be ready in time for this launch.
Last year, the SIX Swiss Exchange plans to list the world’s first crypto-based exchange-traded product (ETP) — tracking a basket of five major coins including (), () and ().
An ETH-based ETP, backed by the Swiss startup Amun AG, began on March 5.
Published at Thu, 23 May 2019 11:00:49 +0000