Deployments · Seturion · platform by Seturion

SeturionX (formerly BX Digital) DLT trading facilityNew

Switzerland's first FINMA-licensed DLT trading facility, run by BX Digital (Boerse Stuttgart Group), which has traded as SeturionX since September 2026. It is built to list and trade tokenised shares, bonds, funds and certificates, settling delivery versus payment in Swiss francs on the public Ethereum blockchain without a central securities depository, with the cash leg linked to the SNB's SIC payment system. Three Swiss banks and two securities firms were onboarding as trading participants in May 2025, and Ondo agreed in November 2025 to have more than 100 of its tokenised stocks and ETFs admitted as Swiss ETPs. No first listing or trade had been confirmed by October 2026.

Announced since 18 Mar 2025^[1]i — Licensed in March 2025 and operator says it is open for issuers and participants, but no listing or trade was found in sources up to October 2026. · Reviewed 21d ago i

Assets

UndisclosedStructured note^[4]

Tokenised shares, bonds, funds and certificates admitted to trading (planned)

^[3]

Ondo tokenised stocks and ETFs, admitted as Swiss exchange-traded products (planned)

Networks

Ethereum Public, permissionless^[1][2]

SIC (Swiss Interbank Clearing) Central bank RTGS system^[4]

Swiss franc cash leg via the SNB payment system.

Use cases i

Secondary trading^[2][3]Delivery versus payment (DvP)^[4][2]

Jurisdictions

Switzerland

Participants

• BX DigitalOperator^[1][4]Switzerland
• SeturionPlatform provider^[4]Switzerland
• Swiss National BankCash leg provider^[4]Switzerland
• SygnumClient or user^[2]Switzerland
• InCore BankClient or user^[2]Switzerland
• Hypothekarbank LenzburgClient or user^[2]Switzerland
• EUWAXClient or user^[2]Germany
• Ondo FinanceIssuer^[3]United States
• ISP GroupClient or user^[2]Switzerland

Operates under

• Swiss DLT Act (Federal Act on the Adaptation of Federal Law to Developments in Distributed Ledger Technology)Switzerland · Primary legislation^[1]
• FINMA licence for BX Digital AG as a DLT trading facilitySwitzerland · Licence or charter^[1]

Assets

• TradesOndo Global Markets tokens (family)^[3]Planned admission to trading.

Moves across networks

• direct linkSynchronised settlementEthereum ↔ SIC (Swiss Interbank Clearing)^[4]Swiss franc leg settles through the SNB payment system alongside on-chain delivery; see network connection ethereum-sic.

Timeline

1. Happened 15 Sep 2026 · Announcement · recorded 18 Oct 2026
   BX Digital starts trading under the name SeturionX; services unchanged.^[4]
2. Happened 3 Nov 2025 · Participant joined · recorded 18 Oct 2026
   Ondo Finance agrees to have its tokenised stocks and ETFs admitted to trading on BX Digital ahead of the facility's launch.^[3]
3. Happened 15 May 2025 · Participant joined · recorded 18 Oct 2026
   Sygnum, InCore Bank, Hypothekarbank Lenzburg, ISP Group and EUWAX start onboarding as trading participants; go-live expected within months.^[2]
4. Happened 18 Mar 2025 · Regulatory approval · recorded 18 Oct 2026
   FINMA licenses BX Digital as the first DLT trading facility in Switzerland, with settlement on Ethereum and a link to SIC for payments.^[1]

Sources i