Deutsche Bank-backed Taurus Receives Regulatory Approval for Tokenized Securities
Taurus, a Swiss fintech firm backed by Deutsche Bank, has obtained regulatory approval from Switzerland’s Financial Market Supervisory Authority (FINMA) to offer tokenized securities to retail clients. As a result, Taurus has opened its TDX trading marketplace for tokenized assets to retail users. In addition to institutional and professional clients, retail users can now create accounts with Taurus to participate in capital raises and trade digital assets and tokenized securities securely and compliantly.
New Issuers Choose Taurus as a Trading Venue
Taurus has also announced a new list of issuers that have selected TDX as their preferred venue for trading digital securities. This list includes Investis Group, la Mobilière, Qoqa, SCCF, Swissroc, and Teylor. According to Yann Isola, the Head of Product at TDX, the growing demand for real-world asset (RWA) tokenization validates the belief that private markets 2.0 should be digitized.
Taurus Provides Digital Asset Infrastructure
Taurus offers digital asset infrastructure for issuing, custodying, and trading various types of digital assets such as cryptocurrencies, tokenized securities, NFTs, and digital currencies. In September, Deutsche Bank partnered with Taurus to provide digital asset custody and tokenization services to its clients. The bank also participated in Taurus’ $65 million Series B funding round in February 2023.
Hot Take: Deutsche Bank-Backed Taurus Expands Reach with Retail Offering
Taurus’ regulatory approval to offer tokenized securities to retail clients marks a significant expansion of its services. Retail users can now access the TDX trading marketplace for participating in capital raises and trading digital assets securely. Taurus’ growing list of issuers choosing TDX as their preferred trading venue further solidifies its position in the market. With its digital asset infrastructure, Taurus aims to facilitate the digitization of private markets and make buying private securities as easy as purchasing a book on Amazon. This move aligns with the increasing demand for real-world asset tokenization, showcasing Taurus’ commitment to staying at the forefront of the digital asset space.
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