SEBA, Swissquote, Sygnum, Vontobel and Swisscom Join in Proof of Concept Digital Asset Reference Rate
SEBA, Swissquote, Sygnum, Vontobel and Swisscom Join in Proof of Concept Digital Asset Reference Rate Swisscom has joined with financial firms SEBA, Sygnum, Vontobel, and Swissquote, to pilot the Swiss Institutional Digital Asset Reference Rate (SIDAR). According to a public statement, during a two-week testing period, the partners carried out daily fixings for Bitcoin and Ether. The banks acted as data contributors and Swisscom as the calculation agent. Swisscom states that digital assets are gaining in popularity yet popular price and volume data sources are “susceptible to manipulatio...
Source: crowdfundinsider.com