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Switzerland’s Six Exchange Going to list the XRP-linked ETP

xrp ripple r3 corda Swedish banks

Today we start another week in 2019, as the bear market continues. But guess what! We have more great news for XRP. SIX Swiss Exchange is the leading Swiss stock exchange for the trading of shares, bonds, investment funds, exchange-traded funds, and exchange-traded products has announced that they have received the approval to issue the XRP-linked ETP with the ticker name AXRP.

Hany Rashwan, co-founder and CEO of the Swiss company Amun AG stated:

“We can comfortably say that we expect to release the world’s first XRP ETP within the next two months.”

And the fun doesn’t stop there.  SIX exchange is also building its own digital exchange in a bid to use distributed ledger technology to speed up settlements and trade tokenized assets. It recently partnered with R3’s Corda Enterprise platform to develop the infrastructure, with a goal to launch the SIX Digital Exchange in the second half of 2019.

If you recall our article from yesterday we have 8 Swedish banks in talks with the Nasdaq to speed up the settlement, and now we have the leading Swiss Stock exchange teaming with R3 Corda to speed up settlement. Things are all coming together.

 
UPDATE:
April 2nd – Six Exchange listing XRP ETP

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