As the standard for onchain finance, Chainlink has enabled over $18 trillion in transaction value and provides essential infrastructure for a spectrum of tokenized real-world asset (RWA) and stablecoin issuers, including DeFi protocols such as Paxos and StablR, as well as some of the world’s largest financial institutions such as ANZ and Fidelity International.
Recently, Swiss exchange BX Swiss and its sister company, BX Digital, announced their partnership with Chainlink to bring key pricing data for Swiss-based equities onchain. BX Swiss and BX Digital are both part of Boerse Stuttgart Group, the sixth largest exchange group in Europe. Leveraging the Chainlink standard for verifiable onchain data will ultimately help grow the Swiss market for digital assets.
RWAs are blockchain-based tokens that represent physical or traditional financial assets such as cash, debt, securities, commodities, and real estate as unified golden records onchain. Because RWAs confer benefits such as fractionalization and programmability with better liquidity, transparency, and risk management, the space could reach $10 trillion by 2030.
To unlock their full potential, RWAs must be continuously enriched with high-quality offchain data. Chainlink has emerged as the preferred way for financial institutions to obtain key information such as pricing, net asset value (NAV), and reserve data for RWAs. Currently live on testnet, BX Digital’s data solution will leverage Chainlink to publish and distribute closing price data for securities onchain.
In an official announcement, David Kunz, COO of BX Swiss, described the partnership as a critical step toward establishing a transparent, accessible, and liquid Swiss market for digital assets by ensuring the accuracy and integrity of onchain price data.
“As an established Swiss stock exchange, BX Swiss is committed to making its data available in a future-oriented and innovative way,” he said. “The collaboration with BX Digital and Chainlink, opens up new opportunities to fully utilize the potential of digital transformation and to create a strong link between tradition and innovation.”
“We believe that the Chainlink standard for verifiable data plays a crucial role in accelerating both the pace and security of asset tokenization, secondary market trading, and settlement,” added Andreas Ruflin, Chief Digital Officer at BX Digital.
Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, underscored the critical role of Chainlink’s secure and reliable price data in accelerating digital asset adoption.
“Working with BX Digital to deliver this essential component addresses the growing demand for direct, onchain access to real-time data, which can enhance trading operations with greater efficiency and transparency,” she said. “We look forward to bringing this new onchain pricing data standard to the Swiss market with BX Digital.”
To learn more about BX Digital and BX Swiss, visit their website and X.