cyrpto accepted, Bitcoin, collateral, Ethereum, service, SIXs Mark February 12, 2025 0 Comments

Bitcoin, Ethereum now accepted as collateral in SIX’s new service

The Swiss stock group Six Six has introduced a digital guarantee service, allowing financial institutions to use cryptographic assets alongside traditional securities and guarantee.

The service aims to rationalize the management of guarantees by reducing operational complexity and improving risk management, according to to a business release.

Six, one of the largest tripparty agents in Europe, will initially support Bitcoin (BTC), Ethereum (Ethn), Avalanche (Avax), Cardano (ADA), Solana (GROUND), Ripple (Xrp), and USDC (USDC) As a guarantee, with enlargement plans according to customer demand.

We are delighted to announce that @Sixgroup Launched the new digital guarantee service today, allowing financial institutions to publish selected cryptocurrency assets as guaranteed alongside traditional guarantees. #SIX has developed this service by combining and taking advantage of …

– Six digital exchanges (@SDX_Global) February 12, 2025

Collateral used on crypto -related transactions

The cryptographic warranty will be mainly used for transactions related to the crypto, such as those involving issuers of traded products on the stock market, institutional traders and crypto scholarships. However, it cannot be used for repo transactions or securities in the infrastructure of six.

The system uses the care solutions for the six digital exchanges, guaranteeing the transparent integration of digital and traditional assets.

Six was at the forefront of the innovation of digital assets, becoming the first to integrate a deposit of digital securities with a conventional deposit of central securities.

Its continuous development of blockchain -based financial solutions, including the accommodation of a central bank digital driver by wholesale, strengthens its leader in digital finance.