BX Digital receives from Boerse Stuttgart’s approval to trading digital assets

She said that BX Digital received organizational approval from the Swiss market organizer to operate the platform for the trading and settlement of digital assets, and it becomes the first of its kind in the country.

The Financial Market Supervision Authority (Finma) allows the company, which is based in Zurich based in Zurich, as the Distributed Professor Book Technology Trading, which simplifies transactions for symbolic financial tools.

The company said in a press statement that BX Digital will use Ethereum Blockchain to facilitate the transmission of direct assets without intermediaries such as central securities models.

This structure provides faster and less expensive transactions with support for symbolic shares, bonds and funds between market participants, including banks and securities companies.

“The organized secondary markets have been lacked,” said CEO of Lydia Court in the statement. The license “is an important step in setting new criteria for the efficiency of the capital market and reaching customers in the area of ​​digital assets.”

The main advantage of the system is its connection to the Swiss National Bank payment network, ensuring the stability of transactions in the Swiss franc with the delivery of payment agreements. To ensure liquidity, BX Digital works with market makers and receives strong attention from banks and exporters, according to Lucas Berujman, CEO of Sister Bx Swiss.

BX Digital works under Boerse Stuttgart Group, the sixth largest exchange group in Europe, which sees this initiative as part of a wider batch to update capital markets using Blockchain technology. The platform should meet specific organizational conditions before it begins to accept customers.

BX Digital, the CEO of BORSE Stutgart Group said that BX Digital is only a first step and will be followed by a European digital version and settlement platform soon. “The group was revealed earlier this year The encryption represents 25 % of its revenues.

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