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Switzerland is opening the door to round-the-clock stock trading using tokenization. Finance Magnates reported development that BX Digital, part of the Boerse Stuttgart Group in Switzerland, will list over 100 tokenized U.S. stocks and ETFs in partnership with Ondo Finance. The plan aims to allow real-time settlement and wallet transfers, bringing equities closer to crypto-style, always-on markets.
The move builds on Switzerland’s early rules for blockchain markets. FINMA’s DLT framework lets regulated venues trade tokenized securities under clear licenses. The regulator explains requirements for multilateral trading systems and exchange permissions, giving platforms like BX Digital a path to operate with investor protections while using smart-contract settlement.
BX Digital secured approval this year to run a blockchain-based trading system in Switzerland. Reuters confirmed authorization in March, noting plans to enable direct settlement of tokenized assets among banks and securities firms, integrated with the Swiss National Bank’s payment rails. The license sets a base for tokenized stocks, bonds, and funds to trade with faster clearing and lower back-office costs.
In the latest partnership, Ondo will supply tokenized equities while BX Digital handles regulated trading and settlement. “We’re demonstrating how tokenized assets can deliver the accessibility, transparency, and efficiency investors expect in established financial markets,” said Ian De Bode, Chief Strategy Officer at Ondo Finance, as Finance Magnates quoted remark on Monday. (Ian De Bode, CSO, Ondo).
Why it matters: tokenized stocks can match buyers and sellers beyond normal hours, reduce settlement time from days to minutes, and allow fractional ownership. Switzerland’s approach may influence Europe’s DLT Pilot and other hubs that test digital market infrastructure. If listing and settlement work at scale, real-estate tokenization could follow a similar path—using licensed venues, clear custody models, and on-chain records to bring 24/7 liquidity to property-backed instruments.
