Bitcoin, Etherum has now been accepted as security in six new services

The Switzerland Stock Exchange Six has introduced a digital collateral service, allowing financial institutions to use crypto assets in addition to traditional securities as security.

The service aims to simplify collateral management by reducing operational complexity and improving risk management, toward to the company’s release.

Six, one of the largest European trimar agents, will initially support Bitcoin (Btc), Etherum (El), Avalanche (Avaq), Cardano (Ada), Solana (Salt), Ripple (XRP) and USDC (USDC) As security, with plans to expand based on the demand of the client.

Collateral used on crypto related transactions

CRIPTO Collateral will primarily be used for CRIPTO transactions, such as those involving product issuers related to exchange, institutional traders and cripto exchange. However, it cannot be used for repo transactions or securities loan within six infrastructure.

The system uses the decisions of the guardianship of six digital exchange, ensuring the seamless integration of digital and traditional means.

Six was at the forefront of digital data innovation, becoming the first to become the first to integrate the digital warehouse of securities with the usual central security deposits.

Its continuous development of blocks based on Blockenchin, including digital currency hosting, intensify its position as a leader in digital finances.