SDX to integrate brokerage and trading with DLT Finance

28 November 2023 12:49

Zurich CCGreater Zurich

Zurich/Frankfurt am Main - The regulated Swiss digital stock exchange, SIX Digital Exchange (SDX), is now using technology from the trading and brokerage firm DLT Finance, which has been licensed by BaFin in Germany. Its subsidiary DLT Securities will in future serve as a fully embedded counterparty for brokerage and trading.

SDX, the provider of crypto services and infrastructures that is part of the SIX Group, is expanding its institutional crypto services. To this end, SDX is cooperating with DLT Finance, a trading and brokerage firm headquartered in Frankfurt am Main that has been licensed by the Federal Financial Supervisory Authority (BaFin), Germany’s integrated financial regulatory authority. SDX will assume the roles of custodian and staking provider, while the DLT Finance subsidiary DLT Securities GmbH will serve as a fully embedded counterparty for brokerage and trading, further details of which can be found in a press release.

According to SDX, combining the capabilities of both organizations creates a streamlined path to regulated trading, brokerage and custody services for banks and institutions. “As the digital asset industry advances, SDX remains dedicated to staying at the forefront of innovation, delivering cutting-edge solutions to institutional clients”, comments Stephan Kunz, Head SDX Web3 Services, in the press release.

The partnership with DLT Finance consolidates the position of SDX Web 3 as a leading provider of crypto services in Switzerland and, in the area of digital assets, will offer financial institutions a one-stop shop for their business activities. Marius Sewing, co-founder and Board Member of DLT Finance, explains that this collaboration is a “significant step towards a secure and regulated pan-European ecosystem for cryptocurrencies and digital securities”. ce/mm

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