editorial
Hypothekarbank Lenzburg has become the latest member to join SDX’s Central Securities Depository (CSD), the regulated financial market infrastructure for digital assets. SDX, which is licensed by the Swiss Financial Market Supervisory Authority (FINMA), operates a stock exchange and CSD using distributed ledger technology (DLT). Its blockchain-based platform offers a secure and reliable ecosystem for the issuance, trading, settling, and custody of digital securities.
By joining SDX’s CSD, Hypothekarbank Lenzburg is taking a significant step towards becoming a major player in the Swiss market for tokenized digital assets. The bank will be able to bring native digital securities onto the platform and gain access to SDX’s comprehensive infrastructure for various digital securities types, including Digital Bonds and Digital Equities. This will provide Hypothekarbank Lenzburg with a single, reliable, and trusted DLT-based platform that fulfills regulatory requirements.
Marianne Wildi, CEO of Hypothekarbank Lenzburg, expressed excitement about the partnership. She stated that the SDX membership marks a significant advancement in the bank’s presence in digital assets. In addition to token issuance and custody, the bank’s offering will include the possibility of listing digital value rights on a trusted trading venue. Wildi sees SDX’s ecosystem as a perfect fit for the bank’s goals and looks forward to the cooperation.
David Newns, Head of SIX Digital Exchange, believes that the alliance with Hypothekarbank Lenzburg will support SDX’s mission to provide institutional clients with innovative, trusted, and efficient financial markets infrastructure and services for digital assets.
Hypothekarbank Lenzburg is the sixth bank to join SDX, joining the prestigious round with Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS, and Zürcher Kantonalbank. SIX, which operates and develops infrastructure services for the Swiss and Spanish Stock Exchanges, Post-Trade Services, Banking Services, and Financial Information, aims to raise efficiency, quality, and innovative capacity across the entire value chain of the Swiss and Spanish financial centers. The company is owned by its users, which include 120 banks.
In 2022, SIX generated operating income of CHF 1.5 billion and Group net profit of CHF 185.0 million. With a presence in 20 countries and over 4,000 employees, SIX is well-established and positioned for continued growth and success in the financial industry.
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