Swiss regional bank with over $7 billion in assets joins SDX central securities depository

Odaily Planet Daily News Hypothekarbank Lenzburg, a Swiss regional bank with more than $7 billion (CHF 6.6 billion) in assets, has joined the central securities depository of cryptocurrency exchange SDX. Hypothekarbank Lenzburg is the sixth bank to join SDX. Other banks include Berner Kantonalbank, Credit Suisse, Kaiser Partner Privatbank, UBS and Zürcher Kantonalbank. All of the companies mentioned above are from Switzerland, as is SDX itself, with its parent company, the SIX Group, headquartered in Zurich. By joining SDX’s central securities depository, Hypothekarbank Lenzburg will be able to trade various digital security types, including digital bonds and digital stocks, on a blockchain-based platform. (Cointelegraph)