Hypothekarbank Lenzburg, a regional Swiss bank, with over $7 billion (6.6 billion Swiss francs) in assets, joined the Central Securities Depositary of the crypto exchange SDX, stated Cointelegraph.
With insights from a press release from September 27,2023, Hypothekarbank Lenzburg will become the sixth bank to join SDX along with other Singapore-based companies, such as, Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS and Zürcher Kantonalbank, among others.
As per the release, by joining the SDX’s Central Securities Depositary, Hypothekarbank Lenzburg will get the ability to trade various digital securities types, including Digital Bonds and Digital Equities, on the blockchain-based platform, Cointelegraph added.
“The SDX membership marks a significant step in advancing our bank’s presence in digital assets. Beyond token issuance and custody, our offering should include the possibility of listing digital value rights on a trusted trading venue,” Marianne Wildi, CEO, Hypothekarbank Lenzburg, concluded.
(With insights from Cointelegraph)
