Swiss give green light to first regulated blockchain platform
Finma green light for first regulated blockchain platform
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Listening: Swiss give green light to first regulated blockchain platform
The Swiss Financial Market Supervisory Authority, Finma, has given the go-ahead for the first regulated Swiss platform for digital assets – including cryptocurrencies – operating via blockchain.
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Keystone-SDA
Italiano
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Via libera Finma a prima piattaforma regolamentata per blockchain
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It is a project of BX Digital, a subsidiary of BX Swiss AG and part of Germany’s Börse Stuttgart Gruppe, Europe’s sixth largest stock exchange group.
The granting of authorisation by Finma to operate a DLT (Distributed Ledger Technology) trading system is an important step towards setting new standards for capital market efficiency and client access in the digital assets sector, BX Digital wrote in a statement today.
BX Digital has applied for authorisation to operate a so-called small DLT trading system, which does not allow it to exceed the threshold values defined in the Financial Infrastructure Ordinance, Finma points out in a note. As a result, it benefits from certain regulatory concessions.
Translated from Italian by DeepL/jdp
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