The SIX Digital Exchange has appointed Tim Grant as its new Head of Business and will be responsible to drive the organization’s next phase of growth as SDX continues to develop its fully integrated missuance, trading, settlement, and custody infrastructure for digital assets to serve financial institutions across global capital markets.
Grant is an experienced technology and management expert with more that 20 years across institutional capital markets and enterprise blockchain businesses, including senior positions in financial services such as CEO of the R3 Lab and Research Centre, Managing Director at UBS O’Connor and UBS Investment Bank. Most recently, he was the Founder and CEO of DrumG Technologies.
Thomas Zeeb, Head Securities & Exchanges at SIX, and Chairman of SDX, said: “Tim has a comprehensive background in both the new and old worlds of capital markets innovation. This background is an essential prerequisite to successfully lead the development of SDX and to fulfil SIX’s growth ambition to build the financial ecosystem of the future. We are pleased to have him on board and look forward to working with him to execute our vision.”
Tim’s expertise in delivering and operating enterprise-grade distributed ledger solutions for financial services will be key in taking SDX into its next phase. Currently,
The SDX team has over 100 professionals working with banks and trusted partners to bring to market the first products and services that deliver business value to institutional clients. The platform is working to become a fully-regulated end-to-end DLT based digital asset exchange and aims to transform the financial services industry. Tim Grant will drive this vision, the company stated.
Tim Grant, Head of Business at SDX, said: “I am very excited to join the leadership team at SDX as they aim to launch the world’s first end-to-end digital exchange. The team has already made huge progress and I’m looking forward to contributing my experience and working with our institutional clients around the world to continue the growth and expansion of the next generation of financial market infrastructure.”
SIX Group first announced the launch of SIX Digital Exchange in early 2019, with plans of going live in the second of half of 2019. The blockchain-powered exchange runs in parallel to existing SIX platforms.
Most recently, the group partnered with Omniex for a gateway to digital exchanges (including cryptocurrency exchanges) and OTC market makers worldwide for SIX and its clients. As part of the agreement, SIX will become a shareholder in Omniex although the amount invested will remain undisclosed. The deal with Omniex will allow clients of SIX to get standardized and secure access to trade cryptocurrencies as well as create the basis for new business opportunities along the value chain of existing and future asset classes.
