BX Digital

Name

BX Digital

Legal name

BX Digital AG

Website

https://bxdigital.ch

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Digital Securities Exchange & DLT Settlement Infrastructure

NAICS

Securities and Commodity Exchanges (52321), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Blockchain Settlement & Clearing Infrastructure (On-/Off-chain Post-Trade) (FSAGAMAC)

akta.pro secondary industries

Spot Crypto Exchanges (Order-Book & Matching Engine) (FSADAAAA), Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF)

Keywords

• DLT trading system
• Tokenized securities exchange
• Digital asset settlement
• Regulated securities marketplace
• Blockchain settlement infrastructure

Headquarters

HQ city

Zürich

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Trading and Settlement Fees: BX Digital generates revenue through transaction and trading fees charged to participants and issuers for trading and settlement services on the DLT trading system.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

BX Digital operates a Swiss-regulated, FINMA-authorized DLT trading and settlement system for digital assets, enabling the secondary-market trading of tokenized shares, bonds, Exchange Traded Products (ETPs), and tracker certificates on public blockchain infrastructure. Settlement is executed through Delivery versus Payment (DvP) smart contracts in Swiss francs via direct connection to the Swiss Interbank Clearing (SIC) system of the Swiss National Bank, typically completing within 30 minutes without requiring central securities depositories, clearing houses, pre-funding, or stablecoins.

Product overview

BX Digital operates as a single unified product: a Swiss-regulated DLT trading and settlement platform for digital assets. The platform enables trading of tokenized equities, bonds, Exchange Traded Products (ETPs), and tracker certificates through a regulated process on public blockchain infrastructure. Settlement occurs via Delivery versus Payment (DvP) mechanism in Swiss francs through the Swiss Interbank Clearing System. Trading participants connect via FIX protocol and Ethereum wallet integration. Additional services include reporting tools and trade surveillance. The platform does not offer tokenization or capital-raising services.

Differentiator

Problem solved

Functional benefit

Products and services

• BX Digital Trading and Settlement Platform
• DLT Securities Trading
• Delivery versus Payment (DvP) Settlement
• Wallet Integration Services
• Regulatory Reporting and Trade Surveillance

Quantifiable outcome

• Settlement time reduced from 2 days to 30 minutes through DLT-based delivery versus payment mechanism
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core.

• ChainlinkcoreTechnology or Integration · 17 June 2026Strategic collaboration for data and interoperability infrastructure. BX Digital plans to publish exchange-generated data to Chainlink for use in digital securities and tokenized asset applications. Frank Seibold, Managing Director and Global Head of Banking and Capital Markets at Chainlink, appeared on the Inside Digital Assets podcast discussing oracle solutions, smart NAV, and cross-chain interoperability.
• SWIATcoreTechnology or Integration · 5 June 2026Collaboration on shared ledger technology for digital assets in regulated capital markets. Ivica Aračić from SWIAT discussed rational approaches to shared ledger infrastructure in an Inside Digital Assets podcast episode.
• ISP GroupcoreTechnology or Integration · 26 May 2026ISP Group works with BX Digital on tokenization and secondary market infrastructure. Tom Rieder from ISP Group discussed making real-world assets like the Eiffel Tower investable via DLT on the Inside Digital Assets podcast.
• Morgan StanleycoreTechnology or Integration · 7 May 2026Morgan Stanley representatives have appeared on the Inside Digital Assets podcast discussing tokenization, digital asset settlement, and European capital market infrastructure developments.
• Swiss National Bank (SNB)coreTechnology or Integration · 18 March 2025BX Digital is directly connected to the Swiss Interbank Clearing System (SIC) operated by the Swiss National Bank, enabling settlement of digital asset transactions in Swiss francs via central bank money.
• SeturioncoreOthersSeturion owns BX Digital and is part of Boerse Stuttgart Group. As a pioneer in tokenized assets, Seturion is building a unified issuance and settlement infrastructure for the European capital market by leveraging existing public and private blockchains.
• Boerse Stuttgart GroupcoreOthersBX Digital is the sister company of BX Swiss and part of Boerse Stuttgart Group, the sixth largest exchange group in Europe. Boerse Stuttgart Digital has established the largest digital and crypto business among European exchange groups.
• Capital Markets Technology Association (CMTA)coreStrategic or Co-development PartnerBX Digital supports the CMTA tokenization standard developed by an ecosystem of tokenizers and banks to support creation of a large and interoperable market for tokenized securities.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• SWIAT: European shared-ledger platform for regulated digital securities issuance and settlement. Comparable to BX Digital in regulatory-first DLT infrastructure design, with overlapping target segments in European banks and corporate issuers.
• SIX Digital Exchange (SDX): Operates a regulated Swiss DLT-based venue for tokenized securities and digital assets. Direct competitor to BX Digital in the Swiss regulated tokenized-securities trading market, with overlapping issuer and trading-participant target segments.
• Taurus: Swiss-headquartered digital asset infrastructure provider offering custody, tokenization, and trading infrastructure to banks and asset managers. Comparable to BX Digital in its regulated Swiss DLT focus and bank-grade client base.

Broad incumbents

• Société Générale-Forge: Regulated entity of Société Générale offering issuance, custody, and trading of tokenized financial instruments on DLT. Comparable to BX Digital as a regulated venue for tokenized securities, but with deeper banking-group backing and broader asset-class coverage.
• Goldman Sachs Digital Assets: Goldman Sachs's DLT-based platform for issuing, settling, and trading digital assets across multiple blockchain networks. Comparable in regulated tokenized-securities trading ambition, with significantly larger balance-sheet and institutional client reach.
• Kinexys (formerly Onyx by J.P. Morgan): J.P. Morgan's blockchain-based financial services platform covering tokenized collateral, payments, and asset services. Comparable to BX Digital in regulated DLT infrastructure, with deeper institutional distribution and capital backing.

Emerging players

• HQLAx: DLT-based platform for securities lending and collateral mobilization using fungible baskets of securities. Comparable to BX Digital in DLT-based post-trade infrastructure for regulated securities, with a narrower collateral-management focus.
• Fnality International: Wholesale CBDC settlement network connecting central bank money across major currencies for tokenized asset DvP. Comparable to BX Digital in central-bank-money settlement design, focused on multi-currency interoperability rather than venue operation.
• Bitfinex Securities: Regulated tokenized securities exchange operated in partnership with Bitfinex, focused on smaller-cap and growth-company equity issuance. Comparable to BX Digital in tokenized-securities trading, with a different regulatory domicile and lighter institutional footprint.

Others

• Securitize: Tokenization platform enabling regulated issuance, transfer, and servicing of digital securities. Adjacent ecosystem player to BX Digital — feeds tokenized assets into secondary venues like BX Digital but does not operate a trading exchange itself.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/bx-digital

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BX Digital