BX Digital, having secured a FINMA license in mid-March for a Distributed Ledger Technology (DLT) trading system, announced on May 15, 2025, the onboarding of its first five trading participants. These include Swiss banks Sygnum Bank, Incore Bank, and Hypothekarbank Lenzburg, along with ISP Group and EUWAX AG. These partners aim to actively participate in regulated digital asset trading via this new infrastructure.
The initiative marks a significant step towards establishing a robust institutional ecosystem for digital assets in Switzerland. Lidia Kurt, CEO of BX Digital, emphasized that this collaboration lays the foundation for a liquid and trustworthy ecosystem, shaping the digital financial landscape. The DLT system facilitates direct settlement in Swiss francs and asset transfer via a public blockchain, eliminating intermediaries.
This streamlines processes, ensures security, and integrates with existing banking systems through direct connection to the Swiss National Bank's payment system. The go-live of the trading system is expected in the coming months, transitioning from the setup phase to active market operations.
This article is based on our author's analysis of materials taken from the following resource: EQS News.