Corda Enterprise, R3s blockchain platformhasbeenchosenbySIX,one ofEuropes leadingFinancial Market Infrastructures, to provide theunderlyingblockchaintechnologyfor itsdigital assetlisting,trading, settlement and custody service, SIX Digital Exchange (SDX).
Corda Enterprise has been designed specifically for highly regulated environmentswith exacting requirements around quality of service and the network infrastructure in which they operate, making it an ideal technology base for a trading platform.
Corda Enterpriseisthecommercial distribution of Corda optimisedforbusinesscases requiring the highest levels of security and stability. It willprovidea key elementfor SDXsfully integrated end to end trading, settlement and custody service for digital assets.
Many of R3s Members and Investors such as ABN AMRO, Barclays, BNPParibas, Citi, Commerzbank, Credit Suisse, CS Affiliates, Deutsche Bank, HSBC, Natixis, RBC,SocGenand UBS are also SIX stock exchange trading members and so will be very well positioned with respect to their knowledge and adoption of Corda to leverage SDX services as they become available.
Sven Roth,member of the management team atSDX,saidAs a highly regulated and trusted financial market infrastructure provider,SIXmust operateatthe highestlevelsof security and stability.We feltCordaEnterprisewasthebest fitfor thescale and breadth ofservicewe envisagewith SDX.
We arebuildingthe futureexchange for digital assets,so the ability to adapt and evolve the ecosystem over timeis crucial.R3swide developer community,open-source code base andexperience across arange of industries make it ideal for this purpose.
David E. Rutter, CEO and founder of R3, said:Representing assetsastokens onablockchainplatformis one of the most impactful applications of the technologyand a key focus for R3.SDX is pioneering thisdevelopmentand, as a blockchain platform machine-tooled for regulated, enterprise environments, Corda is the perfect partner forthe project. This is an important vote of confidence inR3stechnology to deliver results andbuilda more efficient market environment.
By enabling capital market transactionson a decentralized ledger, not only can SDX reduce costs for investors, but alsoenable the trading of some assets for the first time.This will have a huge impact for investors, providing new opportunities for capital and creating more effective markets.
