While Swisscom and Sygnum don’t see SIX as competition when it comes to their new marketplace for digital assets, SIX has another view.
Following the new partnership announced this week between Swisscom, Sygnum, and Deutsche Börse, a spokesperson for SIX told CNNMoney Switzerland the following:
“It shows that the Swiss market is seen as the right place to build digital-asset ecosystems and thus confirms our SDX initiative started last year. Competition stimulates the market and we welcome that. We cannot comment on how successful this venture will be, given that its business model, scope, and participants are largely different from our integrated business-to-business offering.”