Sygnum launched stablein based on the Swiss franc

Cryptocurrency Bank Sygnum released a digital version of the Swiss franc. Tokens DCHF has the appropriate amount of Fiat currency that is stored in the National Bank of Switzerland, Swissinfo reports.

Sygnum part of the consortium participants trading blockchain platform SDX stock exchange, SIX Group, which is scheduled to launch at the end of the year. It is assumed that stabilin Bank will find the basis for calculations both on the SDX and in other markets digital assets.

Previously, the SIX announced its intention to issue its own token for this purpose.

In Sygnum noted that their stable coin is part of tokenization for businesses. DCHF may be used to pay dividends on digital stock on the basis of smart contracts, and for other corporate actions.

«A reliable, stable coins are of key importance for economic development digital assets. DCHF improves operational efficiency and contributes to the development of new business models,» said co-founder Sygnum Mathias Imbach.

Last year Sygnum and SEBA became the first blockchain startups in Switzerland, received a banking license.

Recall Sygnum also received the approval of the regulator of Singapore to work in the capital markets.

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