BX Digital and BX Swiss Collaborate with Chainlink for On-Chain Pricing Data
BX Digital and BX Swiss, part of the Boerse Stuttgart Group, have partnered with Chainlink to integrate reliable pricing data for Swiss equities on blockchain technology. The solution is currently in testing, aiming to publish securities’ closing price data on the blockchain once live.
Key points include:
- BX Digital aims to create a transparent and liquid market for digital assets on the Ethereum blockchain.
- The implementation of a Delivery vs Payment Settlement System enhances trading efficiency.
- Chainlink will provide accurate, secure, and decentralized pricing data, increasing trust among issuers and investors.
Benefits of Asset Tokenization
Andreas Ruflin, Chief Digital Officer at BX Digital, highlighted that traders will benefit from improved liquidity, price discovery, and reliable on-chain market data. He stated that Chainlink's data will accelerate asset tokenization and trading security.
“While asset tokenization can unlock major efficiencies... the Chainlink standard for verifiable data plays a crucial role in accelerating both the pace and security of asset tokenization.”
Bridging Tradition and Innovation
David Kunz, COO of BX Swiss, noted that this collaboration fosters digital transformation within traditional finance. Angie Walker from Chainlink Labs emphasized the need for secure on-chain data, stating that this partnership addresses the demand for real-time pricing data, enhancing trading operations.
“A fundamental requirement for digital assets is access to secure and reliable on-chain data... We look forward to bringing this new on-chain pricing data standard to the Swiss market.”
BX Digital believes this partnership will enhance the Swiss digital asset market, making it more accessible.