Deutsche Bank-Backed Swiss Fintech Gets Approval For Tokenized Securities
Taurus, a Swiss fintech entity, has recently secured the green light from Switzerland's Financial Market Supervisory Authority (FINMA) to expand its tokenized securities offerings, opening the door to retail clients.
This strategic move signifies a notable shift for Taurus, which was previously focused on servicing institutional and professional clientele.
The cornerstone of this development lies in Taurus’s TDX trading platform, which has transitioned from its initial role catering exclusively to institutional investors to becoming accessible to the wider public. Through Taurus, retail investors can now actively engage in capital raises by establishing accounts on the platform.
Beyond capital raises, retail investors can explore a diverse array of digital assets and tokenized securities within a secure and compliant transaction environment facilitated by Taurus. This expansion not only broadens market outreach but also bolsters the liquidity of digital securities.
Taurus’s regulatory approval also unlocks new opportunities for companies seeking more streamlined access to primary and secondary markets. The company’s innovative approach empowers businesses to configure their trading segments and choose from various trading methods, including auction-based or continuous options. This flexibility proves crucial for optimizing capital-raising efforts and the real-time management of digital securities.
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Additionally, a cohort of issuers, including Investis Group, la Mobilière, Qoqa, SCCF, Swissroc, and Teylor, has opted for TDX as their preferred trading venue. This decision underscores a growing confidence in Taurus’s platform and its potential to redefine the landscape of private securities trading.
Taurus sets itself apart through a comprehensive digital asset infrastructure, supporting the issuance, custody, and trading of diverse digital assets such as cryptocurrencies, tokenized securities, NFTs, and digital currencies. Notably, Taurus gained industry recognition in September through a strategic collaboration with Deutsche Bank, enabling the provision of digital asset custody and tokenization services to Deutsche Bank’s clientele. Deutsche Bank’s active involvement in Taurus’s $65 million Series B funding round in February 2023 further attests to the banking giant’s endorsement of Taurus’s vision and technological prowess.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
