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The Swiss exchange SIX expects that its traditional trading platform will fully switch to the use of the blockchain technology within a decade. Although stocks and bonds operating on SIX and most other exchanges are now fully electronic, the main processing steps are often based on paper protocols.

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The company plans to launch the SIX Digital Exchange (SDX) platform in parallel with the existing SIX platform in the middle of 2019. The new platform will include three steps to buy or sell securities, often within a few days. Now many exchanges are working on similar projects. SDX is the reaction of the Swiss exchange to the competition created by crypto startups.

The SIX still needs to resolve legal issues with the Financial Market Authority watchdog and the Swiss Government.

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