The SIX Digital Exchange (SDX) has hired new technologies pioneer, Tim Grant, as the group readies to launch its trading, settlement, and custody infrastructure for digital assets.
Grant is known for his role as CEO of the R3 Lab and Research Centre, and setting up DrumG Technologies, which earnt buy-in from Consensys in 2018. Previously Grant was also managing director at UBS O’Connor and UBS Investment Bank.
His new role as head of business will see him lean on his 20 years of technology expertise across institutional capital markets and enterprise blockchain businesses to grow the platform for financial institutions across global capital markets.
“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,” said Grant. “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 confirmed plans to launch SDX in July 2018 to provide institutional clients with trading, settlement and custody of cryptocurrencies and recently partnered with Omniex as it readies for launch. Omniex, led by former senior vice president at State Street and founder of the banks emerging technologies centre, Hu Liang, will provide the front-end platform
“Tim has a comprehensive background in both the new and old worlds of capital markets innovation,” said Thomas Zeeb, head securities & exchanges at SIX, and chairman of SDX. “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.”
SDX said its team of over 100 professionals is working with banks and trusted partners to bring to market the first products and services that deliver business value to institutional clients. The exchange added that Grant will drive its vision to create a whole ecosystem that is expected to transform the financial services industry.