Swiss crypto infrastructure provider Taurus will offer tokenized securities services for retail clients in Switzerland.
Cryptocurrency custody and trading company Taurus, Switzerland’s financial regulator From the Swiss Financial Market Supervisory Authority (FINMA) received approval to offer blockchain-based security tokens.
Taurus, following approval Trading platform called TDX made available to individual customers.
Supported by German Deutsche Bank, one of the largest banks in the world, Taurus’ platform offers cryptocurrencies as well as Swiss Franc (CHF), Euro (EUR) and US dollar (USD) It also allows buying and selling.
In its statement on the subject, Taurus stated that this approval increases the liquidity of securities And companies in both primary and secondary markets. He said it made it easier to access.
Taurus co-founder Lamine Brahimi stated the following in his statement:
Only professional traders were allowed in the TDX marketplace. Now, with the approval of FINMA, this deficiency has been corrected. We think buying company stock should be as easy as buying a book from Amazon.
Recently, many giant banking companies and investment companies have taken steps for tokenization. Avalanche (AVAX) and Polygon (MATIC) were the altcoins preferred by companies. There is no statement yet on which altcoin Taurus will choose for this tokenization service.