The Taurus Securities Platform seeks to serve its potential clients with a diversity of offerings.
The Geneva-based tech firm Taurus has obtained the securities license from the Swiss Financial Market Supervisory Authority and is on track to unveil its digital asset trading platform next month. As reported by Coindesk, the company is set to launch its Taurus Digital Exchange (TDX) on May 10 and will seek to provide investors and banks with the ability to trade a number of assets including tokenized securities, private assets, real estate, art, non-fungible tokens, and cryptocurrencies.
As the cryptocurrency industry journeys into its mainstream adoption cycle, firms around the world have been exploring options to rollout services to capture the marketplace. In this pursuit, Switzerland ranks as one of the major crypto havens leading the financial innovation, and the granting of the Taurus securities license is yet another proof.
“We are convinced that the tokenization of real assets is the future of investment,” said Lamine Brahimi, co-founder at Taurus Group. The Taurus executive also pointed out that TDX is targeted toward small and medium companies, non-listed large corporations, and real estate firms. Through the exchange’s products, these institutions will gain access to “greater liquidity and capital” a benefit that is currently being enjoyed by large publicly listed companies.
Per the Coindesk report, a number of organizations are already onboarding and these include but are not limited to Arab Bank Switzerland, Hypothekarbank Lenzburg, Flow Bank, and SEBA.
Taurus Securities Platform to Prioritize Diversity
The Taurus Securities Platform seeks to serve its potential clients with a diversity of offerings. According to the firm, both primary issuance and direct listings will be enabled on TDX. The new securities platform was also confirmed to be designed to manage central limit order books, auction-based or request for quotes systems. These offerings, however, depend on the underlying asset and regulatory framework.
The new Taurus Securities Platform will also be able to process smart contracts or decentralized finance DApps that are built or launched on either the Ethereum or Tezos blockchain networks respectively.
TDX is a cap to Taurus’s business as the firm is known to serve professional, institutional, and high networth retail clients according to its regulatory disclosure. Its offerings borders on the Market-making of virtual assets, securities, and financial instruments, as well as the custody of digital assets for the account of its customers.
The granting of the securities license to Taurus is a testament to the ongoing Swiss law reform, targeted amongst many things to let cryptocurrency innovations thrive. Switzerland is also a growing hub for Bitcoin and general crypto Exchange Traded Fund (ETF) products.