Bitcoin, Ethereum Now Accepted as Collateral in SIX’s New Digital Collateral Service

The Swiss stock exchange group SIX has launched a new Digital Collateral Service, enabling financial institutions to use cryptocurrency assets alongside traditional securities as collateral. This new offering aims to simplify collateral management, reduce operational complexity, and improve risk management, according to the company’s official announcement.

SIX, one of Europe’s largest triparty agents, will initially accept Bitcoin, Ethereum, Avalanche, Cardano, Solana, Ripple (XRP), and USDC as eligible collateral, with plans to expand based on client demand.

Crypto assets will primarily serve as collateral in transactions related to digital finance, such as those involving crypto exchange-traded products, institutional traders, and crypto exchanges. However, it will not be accepted for repo transactions or securities lending within SIX’s infrastructure.

The new system utilizes the custody services of the SIX Digital Exchange to ensure smooth integration between digital and traditional assets.

SIX has long been a leader in digital asset innovation, becoming the first to link a digital securities depository with a conventional central securities depository. Its ongoing development of blockchain-based financial services, including hosting a pilot program for a wholesale central bank digital currency, cements its role as a key player in the digital finance sector.