SIX’s SDX Web3 goes live with new custody offering
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SIX’s SDX Web3 goes live with new custody offering 13 October 2022Switzerland Reporter: Lucy Carter
Image: NewFabrika
SDX Web3, SIX’s new Web3 company, has gone live with its Institutional Custody Service for Crypto Assets, allowing institutional clients to more easily scale their crypto asset businesses.
The service removes operational and technical complexities, allowing clients to focus more on value-added tasks.
Through SIX, SDX Web3 includes loss and theft prevention, risk management, and anti-money laundering compliance. Currently operating with BTC and ETH cryptocurrencies, the company aims to expand their coverage based on client demand.
SDX Web3 provides key storage, transfer execution and blockchain management, along with compliance standards and automated reporting.
Stephan Kunz, head of SDX Web3, says: We are excited to offer institutions a second market infrastructure grade service after launching non-custodial staking earlier this year. Having laid the foundation, we can now further build out our service offering in the coming months.”
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Image: NewFabrika 