Swiss stock token specialist Aktionariat AG announced on Thursday that it has partnered with brokerage Taurus SA.
Under the agreement, Taurus, a digital asset infrastructure provider, will provide services for certain Ethereum-based tokenized shares issued by Aktionariat. In return, Aktionariat will provide its client companies with a path to be listed on the Taurus Digital Exchange (TDX). This collaborative project is scheduled to be released in November.
“This collaboration combines Aktionariat’s expertise in tokenizing Swiss corporate shares with Taurus’ institutional-grade trading technology. It aims to increase liquidity and unlock value for tokenized (SMEs) and their stakeholders by providing access to TDX’s banking network, professional investors, and retail clients,” the companies wrote.
Security tokens are a form of cryptocurrency that represent a portion of an asset that has value in the real world, including shares in companies, real estate, and bonds. In simple terms, security token holders have a stake in the asset and a claim to the profits of the underlying asset, but there is currently uncertainty surrounding the legality of these tokens.
One of the first companies to use the shared platform was RealUnit, a crypto-focused investment firm, which tokenized shares on Ethereum in April 2022 with Aktionariat. Investors can choose between classic bearer shares and tokenized shares, which the company claims is a first in the country.
“Being authorized to trade on TDX is a natural next step in our journey to increase investor accessibility and liquidity,” Dani Stussi, CEO of RealUnit Schweiz AG, said in a statement.
Aktionariat is a fintech company that connects investors and startups using blockchain technology, and uses tools like Brokerbot to help businesses create digitized stock markets, portfolio apps for buying cryptocurrencies, and ERC-20 based security tokens. Taurus is a blockchain infrastructure company that provides a platform focused on managing tokenized “real-world” assets.
“This collaboration aligns with Taurus’ broader vision to digitize private markets and make private equity more accessible to investors. The firm believes that buying private securities, whether stocks, debt, or other asset classes like funds and real estate, should be as simple as buying a book online,” the firms wrote.
Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:
© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.