Legal | Tax | Compliance
Legal | Tax | Compliance
MME advises BX Digital on obtaining Switzerland’s First DLT-Trading System license/security token exchange license.
We are pleased to announce that BX Digital AG has been licensed by FINMA as Switzerland’s first DLT trading system/fully regulated security token exchange. The DLT-trading system enables the trading of DLT securities (tokenized financial instruments) on a legally sound and regulatory-approved basis in accordance with the Financial Market Infrastructure Act (FinMIA).
BX Digital, a sister company of BX Swiss AG and part of the Boerse Stuttgart Group, provides an innovative solution for the multilateral trading of DLT securities (tokenized financial instruments). Settlement is conducted via a public blockchain (Ethereum), with payment processing integrated into the Swiss Interbank Clearing (SIC) system, operated on behalf of the Swiss National Bank.
MME advised BX Digital on all legal aspects of the licensing process. The MME team was led by Ronald Kogens (Partner) and included Dominik Hofmann (Partner), Noëlle Glaus (Legal Associate) and Anna Schweizer (Legal Associate).
We congratulate BX Digital on this significant milestone and look forward to supporting their continued success!
