SDX Partners with SBI to Build Regional Liquidity Hub in Singapore

​SIX Digital Exchange ("SDX"), the world's first end-to-end platform for digital assets, has announced a collaboration with SBI Digital Asset Holdings to build a Singapore-based digital issuance platform, exchange and CSD venue.

The regional liquidity hub is expected to drive institutional digital asset liquidity and go-live by 2022 subject to regulatory approvals from the Monetary Authority of Singapore.

Targeting the growing demand for public and private institutional digital assets, the joint venture will market directly to regulated institutional clients , utilizing technologies from both companies to provide institutional grade services including issuing, listing, trading, CSD infrastructure and custody of digital assets and cryptocurrencies.

Thomas Zeeb, Chairman SDX & Member Executive Board, SIX said:”SBI Group is a natural partner for SIX given their strong position in Asia and their significant commitment to growing institutional digital asset markets. As the operator of financial market infrastructure in both Switzerland and Spain, SIX has significant experience in delivering trusted and secure capabilities to institutional capital markets and we look forward to bringing the best of SIX to our partnership with SBI in Asia, which we see as a strategically important region for growth.”

Tim Grant, Head of SDX said:”The SIX Digital Exchange strategy has always been the pursuit of a next generation global liquidity network for digital assets. This important partnership with SBI Digital Asset Holdings, which has shown itself to be a true global leader in the drive towards institutional adoption of this new asset class, builds on our Zurich-based exchange and CSD and will allow us to provide services into the Asian market as well as open up the trading channel between Europe and APAC.”