BX Digital joins Project Helvetia led by the Swiss National Bank

BX Digital is proud to contribute its expertise and technological leadership in trading and, in particular, the settlement of tokenised assets as part of Project Helvetia, initiated by the Swiss National Bank (SNB).

The project aims to foster knowledge sharing and learning from the productive use of the RTGS (Real-Time Gross Settlement) link. Payments will be processed via the existing Swiss Interbank Clearing System (SIC-System). By participating in the project, BX Digital underscores its commitment to innovation and the ongoing digital transformation in the Swiss financial market.

‘We are grateful for the trust placed in us by the Swiss National Bank through our inclusion in Project Helvetia,’ says Lidia Kurt, Chief Executive Officer of BX Digital. 'With our planned trading and settlement facility for tokenised assets, we aim to contribute our experience and technical expertise, while also gaining valuable insights into the ongoing evolution of Switzerland as a leading financial centre.'

BX Digital is currently preparing to launch its own distributed ledger technology (DLT)-based trading and settlement facility. At the core of this FINMA-licensed “DLT trading facility” is settlement in Swiss francs and asset transfers conducted on a public blockchain – eliminating the need for intermediaries such as central securities depositories (CSDs). This significantly streamlines processes while maintaining the highest standards of security and asset control. Payments and asset transfers are executed based on a verified delivery-versus-payment (DvP) mechanism. A direct connection to the Swiss Interbank Clearing System enables seamless integration with existing banking infrastructure.