Technology

The world’s first regulated crypto-asset exchange is Geneva

Taurus has obtained a license from Finma for Taurus Digital Exchange (TDX), its trading platform in cryptocurrencies and other crypto-assets. More specifically, the Swiss financial policeman granted him a securities firm license. TDX is thus profiling itself as the first regulated digital asset market in the world, affirms the Geneva-based fintech.

From May 10, banks, issuers and investors will be able to trade on TDX any type of crypto-assets: shares, works of art or tokenized real estate, but also crypto-currencies and other assets. Any type of smart contract issued on Ethereum or Tezos can be processed on the platform.

Founded in 2018, notably by the former CDO of Lombard Odier and a former asset manager at Syz Asset Management, Taurus presents itself above all as a 100% technological company serving banks. “The launch of TDX responds to the growing demand from banks to access a regulated, open and independent market for digital assets. Our vision has always been to build a unified platform allowing banks to manage any digital asset and easily connect private asset holders with professional investors ”, explains Oren-Olivier Puder, Chairman of the Board of Directors and co-founder of Taurus. TDX will initially only be accessible to professional investors and banks.

Several banks and financial institutions are in the process of onboarding on TDX, including, among others, Arab Bank Switzerland, FlowBank, SEBA Bank and Hypothekarbank Lenzburg. The latter launched last year in the tokenization of assets, based on the technology developed by Taurus. Entered into force in early February, the new Swiss legal framework for DLT (Distributed Ledger Technology) promises to realize the full potential of asset tokenization. The Zurich crypto-bank Sygnum has launched the first digital asset compliant with this law, in this case tokenized high-end wine.

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