Fintech firm Taurus SA has received a securities house license from the Swiss Financial Market Supervisory Authority (FINMA) for launching its own digital asset exchange. The Geneva-based fintech firm says that the platform will launch on May 10. Arab Bank Switzerland, Hypothekarbank Lenzburg, FlowBank and SEBA are among the first to join the network.
FINMA Approval for TDX Digital eXchange
The swiss financial regulator has awarded securities house license to fintech company Taurus SA for launching the TDX Digital eXchange. Taurus’ TDX platform can process smart contracts on blockchain networks such as Ethereum and Tezos.
The launch of Taurus’ Digital eXchange “TDX” will enable accessing an open and independent infrastructure towards tokenized securities and private assets.
The digital asset platform will instantly connect banks, issuers and investors to exchange for any digital asset. By tokenizing assets such as equity, art, real estate, cryptocurrencies among others, TDX will unlock liquidity for banks, company founders among others.
Commenting on the launch of TDX, Oren-Olivier Puder, Chairman of the Board and co-founder at Taurus, said:
“The launch of TDX meets the increasing demand from banks to access a regulated, open and independent marketplace for digital assets. Our vision has always been to build a unified platform that allows banks to manage any digital asset and connect private asset owners with professional investors easily.”
Global Companies are Joining as Participants
Audacia Holding, an e-commerce company with over 1.2 million clients, will trade on the TDX platform.
Various financial institutions across the world are onboarded as participants, including Arab Bank Switzerland, FlowBank, Hypothekarbank Lenzburg, SEBA Bank.
Sébastien Dessimoz, Managing Partner and co-founder at Taurus, said:
“We are convinced that the tokenization of real assets is the future of investment. With this marketplace, small and medium companies, non-listed large corporations and real-estate companies will have access to greater liquidity and capital, which is currently only possible for large companies listed on the stock exchange.”
Other non-financial entities include Investis Group, a Swiss stock-listed real estate company, and Stoneweg, a Geneva-based real estate investment company.