SIX now supports Bitcoin, Ethereum, and other cryptocurrencies as collateral, simplifying risk management for institutional traders.
SIX Expands Crypto Collateral Support
SIX, one of Europe’s largest triparty agents, has launched a crypto collateral management service to simplify operations and improve risk management. The system will initially support Bitcoin (BTC), Ethereum (ETH), Avalanche (AVAX), Cardano (ADA), Solana (SOL), Ripple (XRP), and USD Coin (USDC), with more assets added based on client demand.
This move strengthens SIX’s role in bridging traditional and digital finance by integrating crypto with its existing collateral solutions.
How Crypto Collateral Will Be Used
The service will facilitate crypto-backed transactions for:
✅ Exchange-traded product issuers
✅ Institutional traders
✅ Crypto exchanges
However, it will not be available for repo transactions or securities lending within SIX’s infrastructure.
By leveraging SIX Digital Exchange (SDX) custody solutions, the system ensures seamless integration of digital and traditional assets.
SIX Leads in Digital Finance Innovation
SIX has been a pioneer in blockchain-based financial solutions, becoming the first to merge a digital securities depository with a central securities depository.
The company is also hosting a wholesale central bank digital currency (CBDC) pilot, reinforcing its leadership in digital finance.