{"id":64036,"date":"2022-07-06T18:10:21","date_gmt":"2022-07-06T15:10:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64036"},"modified":"2025-09-06T12:08:55","modified_gmt":"2025-09-06T09:08:55","slug":"fireblocks-to-become-strategic-partner-of-six-groups-sdx-division","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/fireblocks-to-become-strategic-partner-of-six-groups-sdx-division\/","title":{"rendered":"Fireblocks to become strategic partner of SIX Group&#8217;s SDX division"},"content":{"rendered":"<p>The SIX Digital Exchange (SDX) platform announced a strategic partnership with cryptocurrency custodian Fireblocks.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/SDX?src=hash&#038;ref_src=twsrc%5Etfw\\\">#SDX<\/a> &#038; <a href=\\\"https:\/\/twitter.com\/FireblocksHQ?ref_src=twsrc%5Etfw\\\">@FireblocksHQ<\/a> will deliver institutional custody solution for <a href=\\\"https:\/\/twitter.com\/hashtag\/digitalassets?src=hash&#038;ref_src=twsrc%5Etfw\\\">#digitalassets<\/a> paving the way for a seamless transition for financial institutions into the <a href=\\\"https:\/\/twitter.com\/hashtag\/Web3?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Web3<\/a> economy! <a href=\\\"https:\/\/t.co\/4xQ0omNlo0\\\">https:\/\/t.co\/4xQ0omNlo0<\/a> <a href=\\\"https:\/\/t.co\/ILSznhIQpy\\\">pic.twitter.com\/ILSznhIQpy<\/a><\/p>\n<p>\u2014 SIX Digital Exchange (@SDX_global) <a href=\\\"https:\/\/twitter.com\/SDX_global\/status\/1544252805699051527?ref_src=twsrc%5Etfw\\\">July 5, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to the press release, the initial collaboration is aimed at providing \u201can institutional solution for storing digital assets\u201d in a distributed economy.<\/p>\n<p>As part of the partnership, the SDX Web3 Services division will integrate Fireblocks&#8217; custodial technologies based on multiparty computation (MPC) into its system.<\/p>\n<p>The offering is aimed at European institutional clients, such as banks, corporations and other financial institutions. The launch is planned for the second half of 2022.<\/p>\n<p>SDX belongs to SIX Group, the operator of the Swiss stock exchange SWX (SIX Swiss Exchange).<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cWe believe that digital assets and the blockchain technology underlying them offer clear advantages that traditional infrastructure cannot provide. \u2026 SDX Web3 Services aims to provide a set of promising solutions for institutional players using Web3,\u201d said SDX head David Newns.<\/p>\n<\/blockquote>\n<p>In the next phase, the partners plan to integrate on the SDX platform access to non-custodial staking via a Fireblocks solution.<\/p>\n<p>The SIX Group, a consortium of 120 banks, generated revenue of CHF 1.5 billion (~$1.55 billion) in 2021, with net profit of CHF 73.5 million (~$75.7 million). The group employs 3,685 people in 20 countries.<\/p>\n<p>Fireblocks serves more than 1,300 financial institutions and, to date, has facilitated the transfer of cryptocurrency worth more than $3 trillion. In January, the custodian provider <a href=\"https:\/\/forklog.com\/en\/news\/fireblocks-a-crypto-custody-provider-raises-550-million-at-an-8-billion-valuation\">raised $550 million<\/a> at a valuation of $8 billion.<\/p>\n<p>In September 2021, SDX <a href=\"https:\/\/forklog.com\/en\/news\/six-group-secures-licenses-to-launch-a-platform-for-trading-digital-assets\">obtained licences<\/a> from the Swiss Financial Market Supervisory Authority to operate as an exchange and a digital depository.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SIX Digital Exchange (SDX) platform announced a strategic partnership with cryptocurrency custodian Fireblocks.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1386,1390,914],"class_list":["post-64036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fireblocks","tag-partnership","tag-six-swiss-exchange"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=64036"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64036\/revisions"}],"predecessor-version":[{"id":64037,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/64036\/revisions\/64037"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=64036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=64036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=64036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}