Swiss stock exchange SIX Group has asked the Swiss central bank to issue a cryptocurrency for payment settlement, swissinfo writes. So far, the Swiss National Bank has treaded cautiously around cryptocurrencies.
Nonetheless, SIX would like to list a bank-issued, CHF-pegged stablecoin on SDX—its digital securities trading platform targeted at qualified investors, to be launched early next year. The exchange wants to use the token for settling securities payments between banks on the "wholesale" market. Token holders would also be able to exchange it for cash when needed.