SIX Digital Exchange, a branch of the SIX Group that offers crypto-related services and infrastructure, recently announced plans to strategically merge forces with DLT Finance, a BaFin-licensed trading and brokerage firm.
The upcoming partnership aims to jack up and expand the pre-existing crypto and brokerage-related services offered by these institutions.
As per the details revealed for the partnership, SDX ( SIX Digital Exchange) is expected to position itself as a custodian and staking provider, whereas DLT Finance’s subsidiary, DLT Securities GmbH, is expected to emerge as a fully embedded counterparty for brokerage and trading-related services.
The aforementioned partnership seems to be extensively eyed by individuals within the industry as it marks a crucial step towards innovating crypto trading services, along with custody services for institutional clients. Furthermore, the partnership is also setting its sights on keeping pace with the dynamic needs of institutional investors seeking access to fully regulated cryptocurrency markets.
Besides, the amalgamation of DLT Finance’s regulatory-compliant trading and brokerage capabilities with SDX’s crypto custody and post-trade services fosters an end-to-end solution for clients. Collectively, the institutions aim to offer a smooth and efficient path to regulated trading, brokerage, and custody-related services for numerous banks and institutions.
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According to Stephan Kunz, head of SDX Web3 Services, in the ever-evolving landscape of the digital asset industry, SDX remains committed to leading innovation by providing state-of-the-art solutions to institutional clients. Furthermore, the partnership with DLT Finance strengthens SDX Web3’s position as a premium crypto service provider in Switzerland, emphasizing its ability to serve as a comprehensive resource for financial institutions aiming to expand their digital asset operations.
On the other hand, Marius Sewing, the Co-founder of DLT Finance, stated that the collaboration between the two institutions comes forth as a result of the institutions’ shared principles orbiting security, reliability, and technological excellence. Besides, the partnership appears to be vital as the institutions eye for a more secure and regulated pan-European ecosystem for cryptocurrencies and digital securities.
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