Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Swiss-based SIX Securities develops blockchain prototype for bond issuing

Switzerland-based bank SIX Securities Services announced that it has developed a distributed ledger technology (DLT)-based prototype for bond issuing solution, Finextra reported.

The blockchain prototype covers bond lifecycle that enables issuing bonds as smart contracts that provide specific dates when coupon payments are made, the amount involves and how/when repayments occur.

The prototype also includes linking smart contracts to the chain where buyers can allot money by paying through digital currency to the address of the bond.

“Though still some way off for market-wide adoption, we are firm in the belief that the potential shown here is promising - for us - and for the industry as a whole. I am convinced that what we have achieved with this approach could revolutionize several processes used by the Swiss financial services industry while sustainably securing our role in the provision of services throughout the Swiss value chain,” Thomas Zeeb, CEO SIX Securities Services, stated.

Last year September, Six Securities teamed up with Digital Asset Holdings to explore the application of distributed ledger technology in financial markets.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

May 21 02:30 UTC Released

THGDP Growth QQ SA

Actual

2 %

Forecast

1.05 %

Previous

0.5 %

May 21 02:30 UTC Released

THGDP Growth YY

Actual

4.8 %

Forecast

4 %

Previous

4 %

January 31 00:00 UTC 158707158707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 158707158707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 170527170527m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 158707158707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 170527170527m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 158707158707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 158707158707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 158707158707m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.