We are proud to announce our collaboration with SIX Digital Exchange (SDX), a leading digital asset exchange for financial institutions. Together, SDX and Fireblocks look to provide enterprise-grade Web3 infrastructure services for institutional investors and regulated intermediaries.
SDX’s new Web3-dedicated unit, SDX Web3 Services, aims to enable Swiss and European banks and corporates to add Web3 services to their businesses. The Fireblocks integration is in progress, with H2 2022 as the target go-live date.
At SDX we believe that digital assets and their underlying blockchain technology offer clear benefits that traditional infrastructure cannot provide. SDX is supporting institutional adoption through the launch of the SDX Exchange and CSD in October last year, and with the launch of SDX Web3 Services last month. SDX Web3 Services is committed to delivering a suite of future-proof solutions for institutional players as they embrace Web3. We are excited to embark on this journey together with Fireblocks, the leading digital asset custody, transfer and settlement platform, to build an institutional-grade secure digital asset custody service for our clients.
How SDX is utilizing Fireblocks
SDX Web3 Services is integrating Fireblocks’ MPC-based security solution, designed to help institutions safely store and transfer digital assets without jeopardizing operational efficiency.
Starting with key cryptocurrencies and expanding into other classes of tokens, the services SDX will use include key storage, transaction execution and monitoring with banking-grade compliance standards, automated reporting and blockchain management.
SDX Web3 Services aims to differentiate their client offerings from competitors through usage of the 1,300-member Fireblocks Network and our industry-leading, battle-tested security systems. The platform integration remains in line with SIX Group’s trusted position and high standards in the market.
This integration represents the start of a longer-term partnership between Fireblocks and SDX. SDX Web3 Services is already working on integrating SDX non-custodial staking access into Fireblocks’ solution.
We are delighted to partner with the SIX Digital Exchange and SDX Web3 Services teams to provide their institutional investors and regulated intermediaries with the industry’s most advanced and secure institutional-grade platform. With our technology, SDX’s customers are able to experience a seamless access into Web3, which further supports our goal of global Web3 adoption.
About SDX
SIX operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, for Post-Trade Services, Banking Services and Financial Information with the aim of raising efficiency, quality and innovative capacity across the entire value chain of the Swiss and Spanish financial centers.
The company is owned by its users (120 banks). With a workforce of 3,685 employees and a presence in 20 countries, it generated operating income of CHF 1.5 billion and Group net profit of CHF 73.5 million in 2021.
