BX Digital in Switzerland has initiated the onboarding process for the country's first licensed DLT trading facility.
Five participants, including Swiss banks Sygnum Bank and Incore Bank, are preparing to join the platform for regulated digital asset trading.
The platform aims to create a liquid and trustworthy ecosystem for digital financial assets with settlement in Swiss francs on a public blockchain.
BX Digital's trading system, featuring tokenized instruments, is set to go live in the coming months with a focus on verified delivery versus payment trades.