SIX has partnered with ARTEX MTF, an art shares exchange, providing services relating to clearing and settlement services.
Jos Dijsselhof, CEO of SIX, said: “We are pleased to provide our reliable clearing and settlement services and market data feed to ARTEX’s innovative MTF to democratise investment opportunities in timeless assets in order to reshape the art landscape. This is a further step in SIX’s commitment to innovation and we are proud to be part of it.”
Through the tie-up ARTEX will offer to invest in a new alternative asset class and SIX will provide services and market data feed. Art shares will have an initial nominal value of EUR 100, allowing people to invest in fine art.
Prince Wenceslas of Liechtenstein, ARTEX co-founder and chairman, added: “Operating a trading venue under one of the most demanding regulatory frameworks in the world, brings a high level of confidence, that has been crucial to the success of our project. We look forward to the first listings and trading on ARTEX in the coming weeks.”