CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Crypto News » SBI and Swiss SIX Exchange To Form A New Cryptocurrency Venture In Singapore

SBI and Swiss SIX Exchange To Form A New Cryptocurrency Venture In Singapore

Author: Zhelyazko Zhelyazkov

Last Updated Feb 24, 2023 @ 22:20

The digital asset arms of the Japanese giant SBI and SIX Swiss Exchange will target regulated institutional clients that use technologies and market expertise from both SBI and SIX through a new joint-venture.

Getting your audio player ready...

Japanese financial giant SBI Group and Switzerland’s principal stock exchange, SIX Swiss Exchange, will team up for a new cryptocurrency-related platform to establish institutional connections between Europe and Asia.

The New Platform Will Launch In Singapore

As per an official announcement, the digital asset-related arms of both companies – SIX Digital Exchange (SDX) and SBI Digital Asset Holdings – will cooperate to establish the new project. It will target regulated institutional clients that use technologies and market expertise from both SBI and SIX.

This way, they will receive institutional-grade services, including issuing, listing, trading, CSD infrastructure, and custody of digital assets and cryptocurrencies. The joint venture will launch the new digital platform in Singapore. 

Expectations are for the platform will launch by 2022 and will be subject to regulatory approval by the Monetary Authority of Singapore that acts as the city-state’s primary financial regulator. 

Yoshitaka Kitao, SBI Group CEO and chairman of SBI Digital Asset Holdings, said that the mutual joint venture is an essential step towards building necessary global infrastructure for widespread institutional adoption of digital assets.

“Together with SDX‘s strength in Switzerland and our planned digital exchange in Osaka, this venture will establish a powerful institutional corridor between Europe and Asia,” also said Kitao.

According to SIX Digital Exchange chairman Thomas Zeeb, SBI Group is a “natural partner” to the Swiss company, having in mind their strong position in Asia and their dedication towards growing institutional digital asset markets. 

“As the operator of a financial market infrastructure in both Switzerland and Spain, SIX has significant experience in delivering trusted and secure capabilities to institutional capital markets, and we look forward to bringing the best of SIX to our partnership with SBI in Asia, which we see as a strategically important region for growth.” Zeeb added.

SBI Continues Its Involvement In Crypto-related Initiatives

SBI’s latest undertaking towards cryptocurrency-related projects is far from its first. Recently, the Japanese financial giant made another step into the digital asset environment.

As CryptoPotato reported, the company launched a crypto lending service for Bitcoin in November this year. The project promised to make possible the lending of only BTC initially, with ETH and XRP to follow soon. The digital asset lending service would function through SBI’s cryptocurrency arm – SBI VC Trade.

This article was first published on: Dec 8, 2020

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Tags: Singapore Switzerland
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Zhelyazko Zhelyazkov
More posts by this author

Zhelyazko is a freelance writer whose interest in cryptocurrencies sparked in early 2017. Being a seasoned content creator with more than ten years of experience in the financial sector, he's into the informational flow 24/7. He holds a degree in English Philology. Contact Zhelyazko: LinkedIn

Join Our Community

FacebookX YouTubeTelegram


Editorials
10 Best Meme Coins to Watch in June 2025

10 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

The 5 Best Bitcoin Mining Pools in 2025: Complete Guide

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!