A joint project by three Swiss-based financial institutions has demonstrated that tokenized assets can be integrated into existing settlement systems, the Bank for International Payments says.

The Zurich-based BIS Innovation Center worked on the “Helvetia Project” with the Swiss National Bank and Six, the Swiss financial market infrastructure consortium. The project was based on Six Digital Exchange, or SDX, which plans to launch soon.

SDX will offer “issue, trade, settlement

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