{"id":17830,"date":"2025-03-18T23:38:35","date_gmt":"2025-03-18T23:38:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=17830"},"modified":"2025-03-18T23:38:35","modified_gmt":"2025-03-18T23:38:35","slug":"boerse-stuttgarts-bx-digital-receives-finma-approval-for-digital-asset-trading","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=17830","title":{"rendered":"Boerse Stuttgart\u2019s BX Digital Receives FINMA Approval for Digital Asset Trading"},"content":{"rendered":"<div>\n<p>BX Digital received regulatory approval from the Swiss markets regulator to operate a digital asset trading and settlement platform, becoming the first of its kind in the country, it said.<\/p>\n<p>The license from the Financial Market Supervisory Authority (FINMA) allows the Zurich-based company to function as a distributed ledger technology (DLT) trading facility, streamlining transactions for tokenized financial instruments.<\/p>\n<p>BX Digital will use the Ethereum blockchain to facilitate direct asset transfers without intermediaries such as central securities depositories, the company said in a press release.<\/p>\n<p>This structure allows faster, lower-cost transactions while supporting trading of tokenized shares, bonds and funds among market participants including banks and securities firms.<\/p>\n<p>\u201cRegulated secondary markets have been lacking so far,\u201c CEO Lidia Kurt said in the statement. The license &#8220;is an important step in setting new standards for capital market efficiency and customer access in the digital asset space.\u201d<\/p>\n<p>A key feature of the system is its connection to the Swiss National Bank\u2019s payment network, ensuring transactions settle in Swiss francs with delivery versus payment agreements. To ensure liquidity, BX Digital is working with market makers and has received strong interest from banks and issuers, according to Lucas Bruggeman, the CEO of sister company BX Swiss, .<\/p>\n<p>BX Digital operates under Boerse Stuttgart Group, Europe\u2019s sixth-largest exchange group, which sees this initiative as part of a broader push to modernize capital markets using blockchain technology. The platform has to fulfill specific regulatory conditions before it will start accepting clients.<\/p>\n<p>Boerse Stuttgart Group\u2019s CEO, Matthias V\u00f6lkel, said BX Digital is only a first step and a \u201cdigital European issuance and settlement platform will follow soon.\u201d The group earlier this year revealed <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/15\/boerse-stuttgart-s-crypto-business-accounts-for-25-of-its-revenue-as-volume-triples?_gl=1*b5286y*_up*MQ..*_ga*MTA1NDkxNTYwNC4xNzQyMzAxMjYw*_ga_VM3STRYVN8*MTc0MjMwMTI2MC4xLjAuMTc0MjMwMTI2MC4wLjEuMTA2MTQ1Mjc0Mw..\" target=\"_blank\">crypto accounts for 25% of its revenue.<\/a><\/p>\n<\/p>\n<p>Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to <a href=\"https:\/\/www.coindesk.com\/ethics\" target=\"_blank\">our standards<\/a>. For more information, see <a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\" target=\"_blank\">CoinDesk\u2019s full AI Policy<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BX Digital received regulatory approval from the Swiss markets regulator to operate a digital asset trading and settlement platform, becoming the first of its kind in the country, it said. The license from the Financial Market Supervisory Authority (FINMA) allows the Zurich-based company to function as a distributed ledger technology (DLT) trading facility, streamlining transactions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-17830","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17830"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/17830\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}