- BX Digital will soon launch a regulated trading platform for digital assets in Switzerland.
- Five financial institutions, including three Swiss banks and two securities firms, are onboarding as initial trading participants.
- The platform will use public blockchain technology and settle payments through the Swiss National Bank’s SIC system.
- BX Digital operates under new Swiss regulations for DLT (distributed ledger technology) trading venues, differentiating it from existing exchanges.
- The platform will support trading of tokenized stocks, bonds, and funds, aiming to strengthen Switzerland’s digital finance sector.
BX Digital, a Swiss subsidiary of the Boerse Stuttgart Group, is preparing to launch its new regulated platform for digital asset trading. The company announced that five financial institutions are in the process of joining as the initial trading participants. The platform, which is expected to launch in the coming months, is designed to advance Switzerland’s role in tokenized finance.
The first organizations signing on are Sygnum Bank, Incore Bank, Hypothekarbank Lenzburg, along with securities firms ISP Group and EUWAX AG. These partners are currently completing onboarding and bring significant expertise in digital assets. According to “Together we are opening a new chapter in the digital capital market. This marks a key milestone on the path to launching our trading venue. With these first participants, we are creating the basis for a liquid and trustworthy ecosystem that will have a lasting impact on the digital financial centre,” said Lidia Kurt, CEO of BX Digital.
The new platform stands out from the SIX Digital Exchange (SDX), which began operating in late 2021. Unlike SDX, which uses a permissioned (private) blockchain and wholesale central bank digital currency (CBDC) for settlement, BX Digital will use a permissionless (public) blockchain—initially based on Ethereum. It will connect directly to the Swiss National Bank’s SIC (Swiss Interbank Clearing) system for transactions.
The regulatory approach also sets BX Digital apart. While SDX holds traditional licenses as both a stock exchange and Central Securities Depository (CSD), BX Digital is licensed as a DLT trading facility under Switzerland’s 2021 regulations. This allows it to bypass CSD requirements, meaning it can settle tokenized securities directly between buyers and sellers without middlemen.
The platform will support trading of tokenized assets such as shares, bonds, and funds on a public blockchain. Settlements will use the delivery versus payment method, ensuring secure transfer of assets and payment in U.S. dollars by linking to the Swiss National Bank’s payment system. Early involvement from the five institutions highlights growing institutional support for regulated digital asset infrastructure in Switzerland.
For more information, visit BX Digital.
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