According to CoinDesk, BX Digital, a subsidiary of the Stuttgart Stock Exchange in Germany, has received approval from the Swiss financial marekt regulator (FINMA) to operate a digital asset trading and settlement platform, becoming the first Swiss institution to receive such a license. The Zurich-based company will operate a trading facility using distributed ledger technology (DLT) to streamline the trading of tokenized financial instruments. BX Digital will use the Ethereum blockchain to facilitate direct asset transfers without intermediaries such as central securities depositories.