Taurus Receives FINMA Approval for Retail Tokenized Securities

Kelvin Munene Murithi
January 23, 2024
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Swiss fintech firm Taurus has received the nod from Switzerland’s Financial Market Supervisory Authority (FINMA), authorizing it to extend its tokenized securities offerings to retail clients. This move ushers in a new era for Taurus, previously catering primarily to institutional and professional clients.

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Taurus’s TDX trading platform

Central to this development is Taurus’s TDX trading platform. Initially, this marketplace was a domain for institutional investors and is now accessible to the broader public. By creating an account with Taurus, retail investors can actively participate in capital raises.

They can also trade in a range of digital assets and tokenized securities. Taurus assures a secure and compliant environment for these transactions. This expansion not only broadens the market reach but also enhances the liquidity of digital securities.

Moreover, Taurus’s approval paves the way for companies to tap into primary and secondary markets more efficiently. The firm’s approach allows companies to set up their trading segments. They can, in addition, choose between auction-based or continuous trading methods. As a result, such flexibility is key for effective capital raising and real-time management of digital securities.

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New Issuers Joining the TDX Platform

A group of issuers, additionally, has chosen TDX as their preferred trading venue. Among them are Investis Group, la Mobilière, Qoqa, SCCF, Swissroc, and Teylor. This step, in addition, reflects a growing trust in Taurus’s platform and its capabilities to revolutionize the private securities market.

Taurus stands out, moreover, with its comprehensive digital asset infrastructure. It supports the issuance, custody, and trading of various digital assets. These include cryptocurrencies, tokenized securities, NFTs, and digital currencies. A significant boost, however, to Taurus’s credibility came in September when Deutsche Bank collaborated with Taurus.

This partnership was to offer digital asset custody and tokenization services to Deutsche Bank’s clients. Deutsche Bank’s involvement, furthermore, in the firm’s $65 million Series B funding round in February 2023 underscores the banking giant’s confidence in it’s vision and technology.

Read Also: Grayscale’s GBTC Sees Net Outflows Surge While Others Remain Rangebound

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.