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Swiss crypto management platform Taurus partners with Aktionariat on tokenization

Swiss crypto management platform Taurus partners with Aktionariat on tokenization

The BlockThe Block2024/09/25 16:00
By:The Block

Quick Take Taurus will provide services for selected Ethereum-based tokenized shares issued by Aktionariat while the latter will offer client companies a route toward listing on the Taurus’ exchange.

Swiss equity token specialist Aktionariat AG has partnered with securities firm Taurus SA, according to an announcement on Thursday. 

Under the agreement, Taurus, a provider of digital asset infrastructure, will offer services for select Ethereum-based tokenized shares issued by Aktionariat. In return, Aktionariat will provide its client companies with a pathway to list on the Taurus Digital eXchange (TDX). The collaborative project is set to launch in November.

“This collaboration brings together Aktionariat's expertise in tokenizing Swiss companies’ equity with Taurus' institutional-grade trading technology. It aims to increase liquidity and unlock value for tokenized [small and medium-sized enterprises] and their shareholders by providing access to TDX's network of banks, professional investors, and retail clients,” the firms wrote. 

A security token is a form of cryptocurrency representing fractions of assets with value in the real world, including equity in companies, real estate and bonds. In short, security tokens owners have a stake in an asset and have a claim on the profits of the underlying assets, though there are current uncertainties surrounding the legality of such tokens. 

Among the first firms to use the shared platform is crypto-focused investment firm RealUnit, which tokenized its shares with Aktionariat in April 2022 on Ethereum. Investors will be able to choose between classic bearer shares and tokenized shares as tokens, marking what the firm claims is a first for the country. 

"Being admitted to trade on TDX is a natural next step in our journey to increase accessibility and liquidity for our investors.," Dani Stüssi, CEO of RealUnit Schweiz AG, said in a statement. 

Aktionariat is a fintech company that uses blockchain technology to connect investors and startups using tools like Brokerbot, which enables companies to create a market for digitized shares, a portfolio app for crypto purchases and ERC-20-based security tokens. Taurus is a blockchain infrastructure firm that offers a platform focused on managing tokenized “real-world” assets.

“This collaboration aligns with Taurus' broader vision of digitizing private markets and making private equity more accessible to investors. The company believes that buying a private security should become as straightforward as purchasing a book online, whether it's equity, debt, or other assets such as funds and real estate,” the firms wrote.


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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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