Crypto asset custodian Taurus offers tokenized securities to Swiss retail customers | CoinDesk JAPAN

Swiss crypto asset custody and trading company Taurus has been granted permission by the Swiss Financial Market Authority (FINMA) to offer blockchain-based private company stocks to retail investors and distribute tokenized securities to the general public. It was done.

Taurus’ TDX Marketplace, backed by Deutsche Bank (DBK), allows trading in crypto assets as well as Swiss Francs (CHF), Euros (EUR), and US Dollars (USD). Investis, la Mobilière, Qoqa, Structured Commodity & Corporate Finance (SCCF), Swissroc, as well as fintech lending firm Taylor, which has already partnered with Taurus to issue tokenized shares to professional investors, and many more. of Swiss companies have chosen TDX to issue shares.

Tokenization is a hot topic, from Wall Street giants like JPMorgan looking to streamline the way financial assets are handled to innovators like Taurus on the ground in Switzerland aiming to democratize technology. Participating up to.

“Our TDX marketplace was only licensed for professional or accredited investors, so one thing was missing,” Taurus co-founder Lamine Brahimi said in an interview. “Now, FINMA has given us permission to open this up to retail investors. We believe that buying stocks in a company should be as easy as buying a book on Amazon. I’m thinking about it.”

Retail investors can participate in private company financing in a primary market environment and can also participate in the secondary market.

“For now, TDX is aimed at Swiss residents, but depending on the trading sector and issuer, it could be open to other investors if compliance requirements are met,” Brahimi said. Ta.

｜Translation and editing: Rinan Hayashi
｜Image: Taurus
｜Original text: Crypto Custody Specialist Taurus Brings Tokenized Securities to Retail Customers in Switzerland