Digital startup, BX Digital, announces the acquisition of five founding partners for the kickoff of their decentralized ledger technology (DLT) trading platform in Switzerland.

Digital startup, BX Digital, announces the acquisition of five founding partners for the kickoff of their decentralized ledger technology (DLT) trading platform in Switzerland.

Swiss Subsidiary BX Digital Prepares to Launch Regulated DLT Trading Facility

Switzerland is set to strengthen its position as a leading digital finance hub with the upcoming launch of BX Digital's DLT trading facility. The platform, a subsidiary of Boerse Stuttgart Group, aims to create a liquid and trustworthy ecosystem for digital assets, attracting five key partners who will act as founding trading participants.

The partners represent a strong commitment to advancing Switzerland's digital finance ecosystem. They include Sygnum Bank, Incore Bank, Hypothekarbank Lenzburg, ISP Group, and EUWAX AG. Lidia Kurt, CEO of BX Digital, stated that the partners are opening a new chapter in the digital capital market.

BX Digital's DLT trading facility is designed specifically for trading DLT securities on a decentralized ledger. Unlike the SIX Digital Exchange (SDX), which uses a permissioned blockchain, BX Digital operates on a permissionless blockchain, initially Ethereum.

The launch of BX Digital's platform demonstrates growing institutional confidence in Switzerland's emerging tokenized finance ecosystem, beyond the SIX Digital Exchange. BX Digital links directly to the Swiss National Bank's SIC payment system for settlement, while SDX primarily settles with wholesale CBDC.

BX Digital's settlement operates as a DLT trading facility under Swiss law. It typically involves post-trade processes aligned with the decentralized ledger but relies on traditional central infrastructures for final asset and cash settlements under FINMA license. This approach differs notably from SDX, which provides real-time, integrated settlement on-chain, enabling simultaneous settlement of payment and securities delivery.

In March 2025, BX Digital AG received the first FINMA license to operate a DLT trading facility, making it the pioneer regulated DLT venue in Switzerland. BX Digital operates under Swiss financial market infrastructure regulations specifically tailored to DLT securities, bypassing CSD requirements. In contrast, SDX operates under Swiss financial regulation but as a more comprehensive marketplace and infrastructure provider for digital assets, regulated as a central securities depository (CSD) and trading facility, meeting stricter requirements including clearing and custody.

The onboarding of these partners marks a key milestone on the path to launching BX Digital's trading venue. The platform enables trading of tokenized assets such as shares, bonds, and funds on a public blockchain. Verified delivery versus payment (DvP) settlements on BX Digital's platform will be in Swiss francs. All partners bring extensive experience in digital asset operations.

As BX Digital prepares to launch, it is poised to contribute significantly to Switzerland's growing digital finance ecosystem, offering a specialized trading venue for DLT securities within a regulated framework. The platform's focus on regulated trading infrastructure is expected to attract more institutional players to the digital asset market.

1. The upcoming launch of BX Digital's DLT trading facility, a subsidiary of Boerse Stuttgart Group, aims to create a liquid and trustworthy ecosystem for digital assets, seeking insights from partnerships with Sygnum Bank, Incore Bank, Hypothekarbank Lenzburg, ISP Group, and EUWAX AG.
2. BX Digital's DLT trading facility is designed specifically for trading DLT securities on a decentralized ledger, capitalizing on the technological advancements of blockchain and aiming to attract institutional players beyond the SIX Digital Exchange.
3. Unlike the SIX Digital Exchange, which uses a permissioned blockchain, BX Digital operates on a permissionless blockchain, initially Ethereum, and links directly to the Swiss National Bank's SIC payment system for settlement.
4. As BX Digital prepares to launch, it is anticipated that the platform's focus on regulated trading infrastructure will lead to valuable insights and contribute significantly to Switzerland's growing digital finance industry, offering a specialized trading venue for DLT securities in Swiss francs.

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