Bitcoin, Ethereum now accepted as a guarantee in the new Six service

The Swiss Stock Exchange group has entered a digital collateral service, allowing financial institutions to use cryptographic assets together with traditional values ​​as a guarantee.

The service aims to rationalize collateral management by reducing operational complexity and improving risk management, according to a launch of the company.

Six, one of the largest triparty agents in Europe, will initially admit bitcoin (btc), ethereum (eth), Avalanche (Avax), Cardano (ADA), Solana (Sun), Ripple (XRP) and USDC (USDC) as a collateral , with plans to expand according to customer demand.

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Guarantee used in crypto -related transactions

The cryptographic warranty will be used mainly for cryptography related transactions, such as those involving products -listed products, institutional merchants and cryptographic exchanges. However, it cannot be used for repo transactions or securities loans within Six infrastructure.

The system takes advantage of the custody solutions of the six digital exchanges, ensuring a perfect integration of digital and traditional assets.

Six have been at the forefront of digital assets innovation, becoming the first to integrate a digital values ​​deposit with a conventional central securities deposit.

Its continuous development of financial solutions based on blockchain, including the organization of a digital currency pilot of the Central Wholesale Bank, reinforces its position as leader in digital finance.