The Swiss stock exchange group SIX has introduced a Digital Collateral Service, allowing financial institutions to use crypto assets alongside traditional
Major Swiss stock exchange group SIX has introduced a Digital Collateral Service, allowing financial institutions to use selected cryptocurrency assets as collateral alongside traditional securities.
The service, announced on Monday, aims to streamline collateral management by reducing operational complexity and enhancing risk management.
As a triparty agent, SIX will initially support Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Cardano (ADA), Solana (SOL), Ripple (XRP), and USDC (USDC) to be used as collateral, with plans to expand based on client demand.
The crypto collateral will primarily be used for crypto-related transactions, such as those involving exchange-traded product issuers, institutional traders, and crypto exchanges. However, it cannot be used for repo transactions or securities lending within SIX’s infrastructure.
The system leverages the custody solutions of the SIX Digital Exchange, ensuring seamless integration of digital and traditional assets.
SIX has been at the forefront of digital asset innovation, becoming the first to integrate a digital securities depository with a conventional central securities depository.
Its continued development of blockchain-based financial solutions, including hosting a wholesale central bank digital currency pilot, also reinforces its position as a leader in digital finance.
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