Taurus SA and Aktionariat AG have partnered to facilitate the trading of tokenized shares for Swiss SMEs on the Taurus Digital Exchange (TDX).
Taurus SA and Aktionariat AG have formed a partnership in order to make it easier for small and medium-sized Swiss businesses (SMEs) to trade tokenized shares on the Taurus Digital Exchange (TDX).
According to a press release, Aktionariat’s tokenization solution will enable businesses to convert their shares into blockchain-based tokens for use on the Ethereum network.
RealUnit Schweiz AG, an investment company that focuses on real assets, will receive the initial presentation of the idea in November. The program will be introduced to the Swiss fintech firms.
During a question and answer session, Victor Busson, the chief marketing officer of Taurus SA, provided an explanation that tokenized shares “offer the same economic and social rights” as regular shares.
“Contrary to cryptocurrencies such as Bitcoin, in case of a tokenized share loss when self-custodying the assets outside of a marketplace, it is possible for the issuer to mint “new” tokens in accordance with the shareholder registry.”
Tokenized shares implications
We anticipate that the agreement will enhance liquidity access for Swiss small and medium-sized enterprises (SMEs) by enabling the trading of tokenized shares on the TDX.
Investors will be able to own equity in a digital format through tokenized shares and they will have the option to choose between registered shares and bearer shares, which are shares not recorded in a formal register.
The first issuer of the initiative
Aktionariat will admit the tokenized shares to Taurus’s platform TDX, granting access to its network of retail clients, investors, and banks. RealUnit Schweiz AG, which tokenized its shares through Aktionariat in April 2022, is likely to be the first company to list its tokenized shares on TDX.
The Chief Executive Officer of RealUnit Schweiz AG, Dani Sussi, noted in the news release that the company will be “one of the first Swiss companies to offer tokenized instruments.”
“Being admitted to trade on TDX is a natural next step in our journey to increase accessibility and liquidity for our investors.”
Taurus credit tokenization efforts
To begin tokenizing small and medium-sized enterprise (SME) loans and providing tokenholders with monthly cashflows, Taurus formed a partnership with Teylor, a German fintech company, in December 2023.
By tokenizing a portion of Taylor’s credit portfolio on the Taurus infrastructure and the TDX-regulated marketplace, professional private debt investors would be able to engage in blockchain-based secondary markets for returns.
Lamine Brahimi, managing partner and co-founder of Taurus, revealed that the collaboration enabled smaller investments and token trading, marking the first tokenization of a private debit portfolio.
