BX Digital Launched Switzerland’s First Regulated Blockchain-Based Trading & Settlement System
When Advantages turn into Results
Faster processing
Settlement time has been reduced from 2 days to a few minutes.
FINMA-certified
First DLT trading system with official authorization in Switzerland.
Eliminates intermediaries
Tokenized assets are settled directly via the Ethereum blockchain.
As the first Swiss financial market infrastructure to receive approval from FINMA for a Distributed Ledger Technology trading facility, this project is a groundbreaking milestone for the Swiss financial market and maintains BX Digital’s position at the forefront of innovation in Europe.
Challenge
Build a regulated DLT trading and settlement platform - from scratch
BX Digital had a bold ambition: to become the leading Swiss infrastructure for the trading and decentralized settlement of tokenized assets. But turning that vision into reality would be anything but simple.
In 2021, Switzerland’s DLT Act came into force, allowing financial institutions to tokenize assets — such as shares or real estate — and transfer them directly via blockchain. This legislation unlocked new potential for regulated digital asset trading and settlement. However, the requirements to obtain a DLT trading facility license from FINMA, Switzerland’s financial regulator, were exceptionally strict.
BX Digital needed to deliver a robust market infrastructure that:
- Settled digital securities in minutes rather than days
- Eliminated intermediaries and counterparty risk
- Integrated with existing financial systems and Swiss National Bank processes
- Met the highest levels of compliance, transparency, and auditability
Crucially, the solution had to bridge two worlds: the innovative, decentralized technology of blockchain and the conservative, tightly regulated environment of capital markets.
BX Digital turned to GFT — a long-standing technology partner with deep DLT expertise — to co-create the system from ideation to launch.
BX Digital aims to become the leading Swiss financial market infrastructure for trading and decentralized settlement of digital assets.
Engagement
Designing and delivering a new market infrastructure - securely and at speed
From the earliest concept stage, GFT worked closely with BX Digital to co-design and build the solution. Within months, GFT delivered a minimum viable product (MVP) hosted on Cloud — built with smart contracts to ensure real-time settlement and maximum efficiency.
Key elements included:
- Blockchain settlement on Ethereum – Enabling token transfers without a central securities depository
- Swiss franc payments – Integrated with the Swiss National Bank’s SIC payment system
- Delivery versus payment (DvP) – Ensuring secure, verified trades with automatic reconciliation
GFT embedded compliance into every step of development, aligning the system with FINMA’s evolving DLT regulatory framework. To ensure security and reliability, each development iteration underwent automated, tool-based auditing and testing.
BX Digital had the bold vision. GFT delivered. Together, we built a solution that redefines how digital assets are traded and settled. This is a permanent leap forward for the financial industry, unlocking the true potential of tokenized assets.
Benefit
A FINMA-approved DLT trading system - transforming Swiss financial markets
After extensive testing and external auditing of the MVP, the system received full regulatory approval from FINMA. BX Digital is now the first licensed multilateral DLT trading system in Switzerland.
Major financial institutions rapidly signed on to offer near-instant settlement to their clients, including:
- Sygnum Bank
- Incore Bank
- Hypothekarbank Lenzburg AG
- ISP Group
- EUWAX AG (part of Boerse Stuttgart Group)
By reducing settlement time from two days to minutes, BX Digital’s infrastructure offers unmatched speed, transparency, and trust. The platform sets a new benchmark for digital asset trading — not just in Switzerland, but across Europe.
