Digital startup BX secures five pioneering partners for the introduction of distributed ledger technology trading in Switzerland.
BX Digital, a subsidiary of Boerse Stuttgart Group, is preparing to launch a regulated DLT trading facility for digital assets. This move signals a significant step forward in the growing institutional appetite for regulated digital asset trading infrastructure.
The partners, including Sygnum Bank, Incore Bank, Hypothekarbank Lenzburg, ISP Group, and EUWAX AG, bring extensive experience in digital asset operations and are currently in the onboarding process to become founding trading participants.
The launch of this platform demonstrates growing institutional confidence in Switzerland's emerging tokenized finance ecosystem. It also represents a strong commitment to advancing Switzerland's position as a leading digital finance hub.
A Regulated Trading Facility for Digital Assets
Unlike the SIX Digital Exchange (SDX), BX Digital is regulated specifically as a DLT trading venue under Switzerland's 2021 legislation. BX Digital operates as a DLT trading facility licensed by FINMA since March 2025, using a centralized limit order book with automated market-making technology designed to optimize execution and provide deep liquidity.
BX Digital's platform will link directly to the Swiss National Bank's SIC payment system for settlement. Verified delivery versus payment (DvP) settlements on BX Digital's platform will be in Swiss francs. This regulatory framework allows BX Digital to bypass CSD requirements, enabling direct settlement of tokenized securities without traditional intermediaries.
A Pioneering Approach
BX Digital's platform differs significantly from the SIX Digital Exchange (SDX) in its operational and regulatory aspects. While SIX SDX operates an end-to-end digital asset platform integrating issuance, trading, and settlement with interoperability to traditional systems, BX Digital is focused primarily on the trading layer.
The partners' early participation in BX Digital signals a strong institutional appetite for regulated digital asset trading infrastructure. Together, they are creating the basis for a liquid and trustworthy ecosystem for digital assets. This move is a testament to Switzerland's commitment to fostering a thriving digital finance sector.
Lidia Kurt, CEO of BX Digital, stated that the partnership marks a key milestone on the path to launching the trading venue. With its unique regulatory status and advanced technological approach, BX Digital is poised to make a significant impact on the digital asset trading landscape.
[1] Boerse Stuttgart Group. (2023). Press Release: BX Digital obtains FINMA license for DLT trading facility. Retrieved from Boerse Stuttgart Group website
[2] BX Digital. (2023). Overview. Retrieved from BX Digital website
[3] Swiss Financial Market Supervisory Authority (FINMA). (2021). DLT trading facility. Retrieved from FINMA website
[4] SIX Digital Exchange. (2022). SIX Digital Exchange. Retrieved from SIX Digital Exchange website
- BX Digital, a subsidiary of Boerse Stuttgart Group, is a regulated DLT trading facility for digital assets, operating as a centralized limit order book with automated market-making technology, licensed by FINMA since March 2025.
- Unlike the SIX Digital Exchange (SDX), BX Digital is focused primarily on the trading layer, linking directly to the Swiss National Bank's SIC payment system for settlement, and using a unique regulatory status and advanced technological approach to bypass CSD requirements.
- The launch of BX Digital's platform is a testament to Switzerland's commitment to fostering a thriving digital finance sector, as demonstrated by the strong institutional appetite of partners collaborating to create a liquid and trustworthy ecosystem for digital assets.
- The partnership of BX Digital with Sygnum Bank, Incore Bank, Hypothekarbank Lenzburg, ISP Group, and EUWAX AG brings extensive experience in digital asset operations and signals a significant step forward in the growing institutional confidence in Switzerland's emerging tokenized finance ecosystem, positioning Switzerland as a leading digital finance hub.
