Geneva Firm Makes Swiss Private Banking History: Geneva-based Private bank Cité Gestion is partnering with digital asset company Taurus to tokenize its shares in a first for Swiss private banking.
Swiss financial institution Cité Gestion is tokenizing its shares, making it the first private bank to issue shares as blockchain-based securities under Swiss law, according to a media release published Tuesday. Swiss fintechs and startups have already undertaken this pioneering effort.
Geneva-based Cité is working with digital asset firm Taurus to issue the tokenized shares, manage the smart contract and perform asset servicing of the securities.The tokenization of the shares was done according to the standards of the Capital Markets and Technology Association , a Swiss non-profit organization based in Geneva and backed by major players in the Swiss financial industry, including banks such as UBS and Pictet, along with stock exchange operator SIX.
By tokenizing its shares, it underscores how important it is for the company to be among the first to take advantage of the new opportunities offered by Swiss legislation on the digitization of securities, Utelli said. Blockchain startup Taurus, also based in Geneva, was founded in 2018 and received a securities license from the Swiss Financial Market Supervisory Authority last year to allow investors and banks to trade a range of assets, including tokenized securities.
To date, Taurus has participated in the tokenization of 15 companies, including equities, private debt, and the structured products of Swiss and European companies.
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Swiss Football Night: «Du bist unser Captain, Bro» – Akanji gratuliert Xhaka zum Nationalspieler des JahresFabian Rieder ist Super-League-Spieler und Youngster des Jahres 2022: YB-Supertalent räumt an der Swiss Football Night ab.
Weiterlesen »
Fussball-News – Swiss Football Night: Rieder gleich doppelt ausgezeichnet | Sierro verlässt YBBester Youngster und bester Spieler der Super League 2022: YB-Talent Fabian Rieder spielt an der Swiss Football Night gross auf. Guete Giel, herzliche Gratulation! bscyb
Weiterlesen »
Das sind die Gewinner der Swiss Football Night 2022Am Montagabend wurden im Casino Bern bei der SwissFootballNight die besten Spielerinnen und Spieler des Landes geehrt: Granit Xhaka wird Schweizer Fussballer des Jahres – Youngster Fabian Rieder nimmt gleich zwei Awards mit.
Weiterlesen »
How Women Make a Career in Swiss FinanceHow Women Make a Career in Swiss Finance: More and more women are climbing higher up the career ladder at large Swiss financial institutions. There is more to it than various promotion initiatives.
Weiterlesen »
Auf diese Namen tauft Swiss 20 ihrer Airbus A220 - aeroTELEGRAPHDie Schweizer Lufthansa-Tochter hat Namen für viele ihrer Airbus A220 gefunden. 20 Tourismusregionen und -orte können sich freuen.
Weiterlesen »
Graubünden ist bei SWISS beliebt: Flugzeuge heissen Lenzerheide, Val Surses und ViamalaGraubünden ist bei SWISS beliebt: Flugzeuge heissen Lenzerheide, Val Surses und Viamala Drei SWISS-Flugzeuge vom Typ Airbus A220-100/300 erhalten neu den Namen einer Bündner...
Weiterlesen »