According to the Head of Switzerland's main stock exchange, SIX Swiss Exchange, the exchange is planning to issue its native digital token by 2021.
The Head of Securities & Exchanges and Director at SIX Swiss Exchange, Thomas Zeeb, has said in an interview with Finews that SIX wants to be able to tokenize existing securities — equities, fixed income, funds.
Maybe the token will eventually replace the share one day, Zeeb suggested. According to Zeeb, the exchange is expecting to present its own token by 2021.
"We’re expecting [to launch the token] by 2021. A prerequisite is to have an appropriate regulatory environment in place. Whether we’ll have this by then will be critical. As we test the first phase early next year, along with the regulatory dialogue, we’re building a bridge to the second piece. That’s when the magic really begins to happen," he said.
It's worth noting that SIX Swiss Exchange has been known as a key player of the crypto industry in Switzerland. For instance, in March, the exchange launched an Exchange Traded Product (ETP) based on the architecture of Ethereum and later announced it might list another ETP on XRP.
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