TechFlow news, March 18 — According to CoinDesk, BX Digital, a subsidiary of Stuttgart Stock Exchange, has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate a digital asset trading and settlement platform, becoming the first institution in Switzerland to obtain such a license.
The license permits the Zurich-based company to operate as a distributed ledger technology (DLT) trading facility, streamlining the trading process for tokenized financial instruments. BX Digital will leverage the Ethereum blockchain to facilitate direct asset transfers without intermediaries such as central securities depositories.
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