Geneva-based fintech company Taurus can expand the range of its digital trading facility once more: the authorities have now granted the license for the platform to engage in retail trade. Various financial players are involved.
Taurus may now offer its trading platform TDX and further services to private clients for the first time. This is according to a press release on Tuesday from the well-known western Swiss crypto startup.
This was made possible by the relevant approval from the Swiss Financial Market Supervisory Authority (Finma). In Switzerland, Taurus is regulated as a securities company and has been operating TDX since 2021 – one of the first ever providers of a retail platform for digital securities.
On the Hunt for Issuers
Crypto bank Sygnum and the Swiss stock exchange operator SIX and its subsidiary SIX Digital Exchange (SDX) may also trade in digital assets in Switzerland. Fintech company Rulematch recently launched a platform specifically for financial institutions.
According to Tuesday’s press release, as well as professional clients, small investors may now also open an account with Taurus and trade in digital assets. The focus here is on tokenized securities which are traded on the platform in a similar way to conventional shares.
At Taurus, however, traditional crypto investments such as Bitcoin or Ether are not traded on the platform (OTC).
Mobiliar in on the Action
Now that there is open access to the retail mass market, the platform should also gain businesses that wish to issue company shares as digital securities. There is already a series of established businesses which have been issuers on TDX from the very start. These include comprehensive insurance provider Mobiliar, real estate firms Investis and Swissroc, business financier SCCF and lending platform Teylor.
At TDX, Yann Isola is responsible for introducing the platform to the retail segment. He joined Taurus last October in the role of product lead.
