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Cryptocurrencies

SIX Swiss Exchange, Nasdaq to develop distributed ledger technology

Wednesday 9 August 2017 | 09:40 AM CET

SIX Swiss Exchange and Nasdaq have announced that they will collaborate on developing distributed ledger technology (DLT) for SIX.

Nasdaq will work closely with its technology partner Chain to provide distributed ledger technology for a Minimum Viable Product (MVP) for SIX's OTC (over-the-counter) structured products business. The solution will integrate with other systems managed by SIX that use DLT functionalities at the core of the Nasdq Financial Framework.

For SIX, this will be a first-hand experience with DLT solutions and will allow it to investigate how to leverage blockchain technology for itself and its members in the post-trade environment.

SIX and Nasdaq have been partners for more than 10 years. In October 2016, the two companies have extended their technology contract.

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