Swiss Bank Hypothekarbank Lenzburg Embraces Digital Securities via SDX Membership

Swiss Bank Hypothekarbank Lenzburg Embraces Digital Securities via SDX Membership

(IN BRIEF) Hypothekarbank Lenzburg AG has joined SIX Digital Exchange (SDX), enhancing its presence in Switzerland’s digital asset ecosystem. SDX is a regulated financial market infrastructure for digital assets. This collaboration allows Hypothekarbank Lenzburg to explore issuing and listing native digital securities on SDX’s blockchain-based platform, aligning with regulatory requirements. Hypothekarbank Lenzburg becomes the sixth bank to join SDX, joining a group of notable financial institutions.

(PRESS RELEASE)  ZÜRICH, 27-Sep-2022 — /EuropaWire/ — SIX Group, the operator of the infrastructure for the Swiss financial centre, announces that Hypothekarbank Lenzburg AG has joined SIX Digital Exchange (SDX), reinforcing its position in Switzerland’s digital asset ecosystem. SDX, recognized and licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates as a pioneering financial market infrastructure for digital assets. SDX’s blockchain-based platform offers a secure environment for digital security issuance, trading, settlement, and custody.

By becoming a member of SDX’s Central Securities Depository (CSD), Hypothekarbank Lenzburg takes a significant stride toward establishing itself as a key player in Switzerland’s tokenized digital asset market. This collaboration enables Hypothekarbank Lenzburg to explore the issuance and listing of native digital securities, such as Digital Bonds and Digital Equities, on a trusted, regulation-compliant DLT platform.

Marianne Wildi, CEO of Hypothekarbank Lenzburg, expressed enthusiasm about the partnership, stating, “The SDX membership marks a significant step in advancing our bank’s presence in digital assets. Beyond token issuance and custody, our offering should include the possibility of listing digital value rights on a trusted trading venue. SDX’s ecosystem aligns seamlessly with our goals, and we eagerly anticipate this cooperation,”

“We firmly believe that a strategic alliance with Hypothekarbank Lenzburg facilitates our mission to provide institutional clients with innovative, trusted, and efficient financial markets infrastructure and services for digital assets,” adds David Newns, Head of SIX Digital Exchange.

Hypothekarbank Lenzburg is the sixth bank to join SDX, joining the ranks of notable institutions such as Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS, and Zürcher Kantonalbank.

Media contact:

Jürg Schneider
MEDIA RELATIONS
Head Media Relations
+41 58 399 2129

SOURCE: SIX