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Swiss FINMA gives green light to this first-ever digital assets initiative

Press Releases Crypto News AMB-Crypto Swiss FINMA gives green light to this first-ever digital assets initiative

FINMA approved Taurus to extend its TDX trading platform to retail investors investing in tokenized securities
Expansion allows retail investors to participate in capital raises and secondary market activities

The Swiss Financial Market Supervisory Authority (FINMA) has approved Taurus, a digital asset infrastructure provider for banks and institutions, to extend its TDX trading platform to retail investors. This marks a significant step towards democratizing access to digital assets and tokenized securities, potentially transforming the landscape of private markets.

Core functionalities of the TDX platform

Swiss regulator approves its first retail tokenised securities trading platform. Taurus, a digital asset infrastructure for banks and institutions, is now extending its TDX trading platform to retail investors. “Private markets 2.0 shall be digitised, so that buying a private…

— Wu Blockchain (@WuBlockchain) January 24, 2024

Taurus, backed by Deutsche Bank, operates the TDX marketplace where transactions can be conducted not only in cryptocurrencies but also in traditional fiat currencies like Swiss francs, Euros, and U.S. dollars. The platform has already benefitted several Swiss companies by issuing tokenized shares, indicating a growing trust in Taurus’s capabilities.

Among these companies are notable names like Investis, la Mobilière, Qoqa, Structured Commodity & Corporate Finance (SCCF), Swissroc, and Teylor, a fintech lending firm collaborating with Taurus for issuing tokenized securities for professional investors.

Introducing a broader sense of accessibility

Previously, TDX was exclusively for professional or qualified investors. However, following the latest FINMA approval, Taurus can now extend its services to the broader public.

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Author: Prakriti Chanda

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