Taurus Receives Regulatory Approval for Tokenized Securities
Fintech firm Taurus has obtained regulatory approval from Switzerland’s Financial Market Supervisory Authority (FINMA) to offer tokenized securities to retail clients. This approval allows retail clients to register an account and trade digital assets and tokenized securities on Taurus’ TDX platform. The company believes that digitizing private markets will make investing in private securities as easy as buying a book on Amazon. Taurus also announced the appointment of Yann Isola as the Head of Product for TDX, who will be responsible for designing and implementing the platform across various customer segments.
Prominent Names Choose TDX as Preferred Platform
Taurus revealed a list of issuers, including Investis Group, la Mobilière, Qoqa, SCCF, Swissroc, and Teylor, who have selected TDX as their preferred platform for trading digital securities. While TDX currently focuses on Swiss residents, there is potential for the marketplace to expand its reach to foreign investors. However, this expansion is subject to compliance requirements specific to each trading segment and issuer.
Hot Take: Deutsche-backed Taurus Expands Tokenized Securities Offering
Swiss fintech firm Taurus has received regulatory approval from FINMA to offer tokenized securities to retail clients. With this approval, retail clients can now trade digital assets and tokenized securities on Taurus’ TDX platform. The company aims to digitize private markets and make investing in private securities as easy as buying a book on Amazon. In addition, Taurus has appointed Yann Isola as the Head of Product for TDX to oversee the platform’s design and implementation across different customer segments. This move highlights the growing demand for real-world asset (RWA) tokenization in the digital asset space. Taurus has also attracted prominent names such as Investis Group and la Mobilière to choose TDX as their preferred platform for trading digital securities.
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