BX Digital, a Zurich-based firm, is participating in Project Helvetia, a Swiss National Bank (SNB) initiative focused on the settlement of tokenised assets using real-time gross settlement (RTGS) infrastructure.
The project is designed to support knowledge exchange and practical learning through the use of the Swiss Interbank Clearing System (SIC-System) for payment processing.
Through its involvement, BX Digital contributes its technical expertise in trading and settlement processes.
The company emphasises its interest in supporting the digital development of Switzerland’s financial system and enhancing its understanding of tokenised finance mechanisms.
“We appreciate the trust placed in us by the Swiss National Bank through our participation in Project Helvetia,”
said Lidia Kurt, Chief Executive Officer of BX Digital.
“Our objective is to apply our experience in trading and settlement of tokenised assets while also learning from the project’s outcomes.”
BX Digital is currently preparing to launch a distributed ledger technology (DLT)-based trading and settlement facility, authorised by the Swiss Financial Market Supervisory Authority (FINMA).
The platform will enable settlement in Swiss francs and asset transfers on a public blockchain.
By operating without central securities depositories, the system is designed to simplify transaction flows while adhering to established standards for security and control.
Settlement will be based on a delivery-versus-payment (DvP) model, with direct access to the SIC-System to support integration with existing banking infrastructure.
Featured image credit: Bank of International Settlements
