BX Swiss Uses Blockchain to Protect Approved Securities Prospectuses Against Falsificationby Company Announcement June 18, 2020
As part of its role as a prospectus review office under the Financial Services Act, BX Swiss reviews and deposits securities prospectuses. In order to ensure that prospectuses always correspond to the approved version, BX Swiss has integrated the certification solution from Certifaction. After verification, the documents are digitally signed and stored in an unalterable form via the Ethereum Blockchain.
“COVID-19 has exponentially accelerated the digital transformation,”
says Manuel Gall, Co-Founder at Certifaction.
“This has tremendously increased the need to protect digital documents such as prospectuses, diplomas, medical prescriptions or credit ratings against forgery or unauthorized manipulation.”
“The security procedure that we were able to implement with Certifaction allows us to register prospectuses on the block chain forgery-proof within a few minutes and to provide investors with a simple tool for checking the authenticity of a document,”
adds Matthias Müller, Managing Director at BX Swiss AG.
Every investor can check the authenticity of a prospectus with a simple drag & drop via the BX Swiss website:
Featured image: Matthias Müller (BX Swiss AG) and Jerome Albert (Certifaction AG), screengrab from Youtube