Switzerland's leading stock substitution, Half dozen Swiss Exchange, has announced a partnership with Omniex - a San Francisco based firm that develops trading platforms designed for institutional investors targeting the crypto asset markets.

According to a Feb. 25 printing release published by 6, the partnership will provide the house and its clients with a gateway to digital exchanges including crypto and market makers. The deal has also seen Half-dozen get an Omniex shareholder after making an investment of an undisclosed sum.

The partnership will extend to SIX's forthcoming SIX Digital Substitution (SDX), in addition to time to come assets listed on the SDX platform.

SIX responds to demand for crypto gateway

Vi Executive Board member, Thomas Zeeb, stated that the exchange had identified a "growing need in the market to access crypto," adding: "Our new collaboration will provide a standardized and secure gateway via SIX as the trusted partner of the financial industry."

Omniex'south CEO and Co-Founder, Hu Liang, said that the partnership is slated to produce "an end-to-end solution for the trading and settlement of digital assets, including the SIX Digital Exchange (SDX)," when it goes alive.

The Omniex executive likewise praised Switzerland's permissive regulatory apparatus surrounding cryptocurrencies, asserting that the "Swiss market place leads other major financial markets in the adoption of legislation and regulation."

SDX slated for 2022 launch

Vi announced that it would launch a digital asset exchange on July six, 2022. The stock substitution described the forthcoming platform as "a fully integrated trading, settlement, and custody infrastructure for digital assets" overseen by Swiss regulators.

On Sept. 23, 2022, SIX deployed an SDX prototype to demonstrate settlement using distributed ledger applied science, security token issuance, and live trading. SIX currently plans to bear an "Initial Digital Offering" for SDX during mid-2020, before launching the digital asset exchange during the 4th quarter.