The Swiss blockchain firm is launching a regulator-approved marketplace for digital assets. The move comes ahead of plans by Switzerland's exchange operator.
Geneva-based Taurus clinched approval for a digital asset marketplace from Swiss regulator Finma, it said in a statement on Monday. The launch of TDX responds to demand from banks and issuers for an open and independent infrastructure for tokenized securities and private assets, the three-year-old start-up said.
Taurus, which has already won a clutch of banking clients for TDX, is setting up before Swiss exchange operator SIX, which is in the process of building its own digital exchange. Dubbed SDX, this effort is slated to launch later this year.
Taurus said TDX can trade any type of digital assets, including digitized shares, art, property, or cryptocurrencies. It has won Arab Bank in Switzerland, Flowbank, Hypothekarbank Lenzburg, and Seba as participants. Last year, Taurus raised a double-digit million sum including from Lombard Odier for the private market push.
