BX Swiss AG Launches First Regulated DLT Trading Platform in Switzerland

BX Digital, a subsidiary of BX Swiss AG, has become the pioneer in Switzerland's digital asset market, receiving regulatory approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate a Distributed Ledger Technology (DLT) trading facility. This approval marks a significant advancement for Switzerland's financial market, establishing a new standard for trading and settlement of digital assets.

The new platform aims to foster innovation by providing access to trading diverse digital assets, with enhanced speed, security, and cost-efficiency enabled by the Ethereum blockchain. The settlement is seamlessly integrated with the Swiss National Bank's payment system, eliminating intermediaries and allowing direct asset transfers among participants.

BX Digital, part of the Boerse Stuttgart Group, seeks to position itself as a leading infrastructure provider for trading and decentralized settlement of digital assets. The project has garnered significant interest from banks and market participants, promising to enhance capital market efficiency in Europe.