FINMA regulated Digital Asset Exchange Platform

Challenge

• Most exchanges lack capacity to build their own digital asset exchange platform
• There is a financial risk of uncertainty, low trust and high transaction costs
• Building your own exchange brings complexity of regulation, oversight and documentary requirements

Solution

• SDX is a fully integrated issuance, trading, settlement, and custody infrastructure for digital assets, regulated by FINMA
• With Corda, SDX integrates digital asset trading, settlement, and custody on a secure, simple and instantaneous infrastructure

Why Corda?

• Enables SDX to facilitate trades on public marketplaces and conduct private transactions peer-to-peer between users

Results

• Live with the world’s first bond issuance using a pure digital part in a fully regulated environment
• The City of Lugano announced it issued a CHF 100 million ($108m) digital bond on SDX
• SDX-issued digital bond can now can be settled against a wholesale CBDC from the Swiss National Bank
• The first in the world to deliver a single seamless workflow from execution to atomic settlement on ledger
• 24×7 operating hours with reduced settlement risk and cost from T+0 settlement