Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securities and Digital Assets
The Swiss financial markets regulator has granted the digital asset infrastructure firm Taurus the approval which allows its retail users to “create an account and trade digital assets and tokenized securities.” Besides receiving the FINMA approval, Taurus said it will be admitting new tokenized assets from Swiss companies that have selected TDX as their preferred venue.
Secure and Compliant Trading
The Swiss Financial Market Supervisory Authority (FINMA) has given Taurus, a digital asset infrastructure provider, the green light to open its financial services and TDX marketplace to retail users. The approval allows Taurus’ clients “to create an account and trade digital assets and tokenized securities.”
According to a statement released on Jan. 23, the approval means that Taurus’ retail clients can now trade all digital securities accepted on TDX “in a secure and compliant manner.” Traders can conduct trades using several currencies, including the Swiss franc, euro, and the U.S. dollar.
Besides receiving the FINMA approval, Taurus said it will be admitting new tokenized assets from Swiss companies that have selected TDX as their preferred venue. These assets will be issued by Investis, la Mobilière, Qoqa, SCCF Structured Commodity & Corporate Finance, Swissroc and Teylor.
Yann Isola, the Product Head at TDX, suggested that the rapidly growing real-world assets (RWA) validate his firm’s move to add new issuers.
“Our core belief at Taurus is that private markets 2.0 shall be digitized so that buying private security becomes as easy as buying a book on Amazon. The growing demand for real-world asset (RWA) tokenization, the fastest growing market segment in the digital asset space, validates this belief,” Isola said.
In the statement, Taurus confirmed that it has been preparing for this opening to retail users and has taken measures to ensure their participation remains compliant with regulations and adheres to security best practices.
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