Stuttgart Stock Exchange's BX Digital Granted Approval to Operate Digital Asset Trading Business

BlockBeats News, March 18th, according to CoinDesk, Germany's Stuttgart Stock Exchange's subsidiary, BX Digital, has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate a digital asset trading and settlement platform, becoming the first institution in Switzerland to receive such a license. This Zurich-based company will operate its trading facility using Distributed Ledger Technology (DLT), streamlining the transaction processes of tokenized financial instruments. BX Digital will leverage the Ethereum blockchain to facilitate direct asset transfers without the need for intermediaries such as central securities depositories.