SIX the Swiss stock exchange group launched Digital Collateral Service which lets financial organizations include digital assets together with conventional securities for collateral. The establishment of Digital Collateral Service represents a major achievement in enabling digital assets to join traditional finance systems.
A company statement indicates the service functions by making collateral management more efficient while fortifying the risk management systems. The introduction of SIX includes Bitcoin, Ethereum, Avalanche, Cardano, Solana and Ripple along with USDC as the first eligible assets but the platform will extend support based on user demand.
We are delighted to announce that @sixgroup launched the new Digital Collateral Service today, permitting financial institutions to post selected cryptocurrency assets as collateral alongside traditional collateral. #SIX has developed this service by combining and leveraging…
— SIX Digital Exchange (@SDX_global) February 12, 2025
SIX Launches Digital Collateral
Crypto assets have been designated for crypto transactions among exchange-traded product issuers and institutional traders as well as crypto exchanges. The organization specifies that digital assets can not participate in repo deals or securities lending activities through their computing infrastructure.
The system utilizes digital exchange custody solutions provided by SIX Digital Exchange to enable unified operations between conventional and digital asset management. The implementation supports SIX’s dual objective of using blockchain to modernize financial service operations.
SIX maintains a primary position in the development of digital finance technologies throughout its operations. The organization holds its position as the pioneer in integrating a digital securities depository with a conventional central securities depository. Through its present activities that encompass running a wholesale central bank digital currency (CBDC) pilot the group demonstrates its dedication to blockchain-based financial methods.
The Digital Collateral Service launch marks an indicator of cryptocurrency acceptance by institutions within regulated financial systems since it shows their preference for digital assets. The increased market demand for crypto-backed financial solutions provides an opportunity for SIX’s new service to transform traditional market integration of digital assets.
