March 20, 2025
Switzerland's FINMA licenses first DLT trading facility
On 18th March 2025 the Swiss Financial Market Supervisory Authority (FINMA) licensed the first DLT trading facility to date. The DLT trading facility operated by BX Digital allows DLT securities to be traded. The licence was granted on the basis of Switzerland's DLT Act.
The platform functions without the need for a central securities depository, settling trades on a public blockchain in fiat currency, without any of the parties incurring a credit risk.
This innovative system was first tested in 2022 in a proof of concept in which CMTA members tested the trading and settlement of tokenized securities on BX Swiss (full details of the POC here).
Read FINMA press release:
https://www.finma.ch/en/news/2025/03/20250318-mm-dlt-handelssystem/
The platform functions without the need for a central securities depository, settling trades on a public blockchain in fiat currency, without any of the parties incurring a credit risk.
This innovative system was first tested in 2022 in a proof of concept in which CMTA members tested the trading and settlement of tokenized securities on BX Swiss (full details of the POC here).
Read FINMA press release:
https://www.finma.ch/en/news/2025/03/20250318-mm-dlt-handelssystem/