Taurus gains FINMA nod to launch digital exchange platform- ‘TDX’

Taurus gains FINMA nod to launch digital exchange platform- ‘TDX’

Swiss financial services company, Taurus Group SA has reportedly obtained a securities firm license from FINMA- the Swiss Financial Market Supervisory Authority to operate the first independent regulated marketplace designed for digital assets, globally.

Notably, the launch of Taurus’ Digital eXchange (TDX) aims at meeting the growing demand for issuers and banks to gain an open and independent infrastructure for private assets and tokenized securities.

TDX instantly connects investors, issuers, and banks to exchange any kind of digital assets. Through the tokenization of art, real estate, cryptocurrencies, equity, and other types of assets, the new infrastructure solution aims at unlocking liquidity for company founders, banks, and even artists, among many.  

According to a statement by Oren-Olivier Puder, Chairman of the Board and Co-Founder, Taurus, the introduction of TDX aims at meeting the surging demand from banks to access an open, regulated, and independent market platform for digital assets.

Puder further mentioned that the novel solution allows the company to remain at the heart of the upcoming digital economy along with reaffirming its vision to develop a unified platform that allows the banks to manage any type of digital assets and connect the private asset owners with professional investors.

As per sources close to the news, market players will be allowed to use TDX’s advanced levels of flexibility pertaining to market availability and token standards from May 10, 2021. The Securities issued by several issuers and companies starting with Audacia Holding, a rapidly developing e-commerce giant with nearly 1.2 million customers will be admitted for trading.  

Seemingly, many banks and financial institutions are being onboarded as participants, along with others like FlowBank, Arab Bank Switzerland, SEBA Bank, Hypothekarbank Lenzburg, along with Investis group- a Switzerland stock-listed real estate firm, and Stoneweg- a Geneva headquartered real estate investment company.  

Source Credit: https://www.finextra.com/pressarticle/87165/taurus-receives-finma-approval-for-launch-of-digital-asset-exchange