Deutsche-backed Taurus Receives Green Light to Introduce Tokenized Securities for Retail Clients

Fintech firm Taurus has received regulatory approval from Switzerland’s financial regulator to offer tokenized securities to retail clients.

In a press release published January 23rd, Taurus announced that it had received regulatory approval from Switzerland’s Financial Market Supervisory Authority (FINMA) to make its financial services and TDX Marketplace available to retail clients.

Retail clients will now be able to register an account and trade digital assets and tokenized securities on Taurus’ TDX platform.

“Our core belief at Taurus is that private markets 2.0 shall be digitized, so that buying a private security becomes as easy as buying a book on Amazon,” TDX Head of Product Yann Isola said. “The growing demand for real-world asset (RWA) tokenization, the fastest growing market segment in the digital asset space, validates this belief.”

This authorization allows companies to participate in both primary and secondary markets, catering to both retail and professional investors. It also contributes to the increased liquidity of digital securities, as highlighted by Taurus.

Companies have the option to create their own trading segments and customize liquidity using auction-based or continuous trading methods. This capability will streamline the process of efficient capital raising and enables real-time management of digital securities, Taurus noted in the release.

As part of the announcement, Taurus unveiled the appointment of Yann Isola as TDX’s Head of Product. Isola will be tasked with the design and implementation of the TDX platform across diverse customer segments.

Isola, an industry veteran with 15 years of experience in constructing trading platforms, joined Taurus in October 2023.

Prominent Names Choose TDX As Preferred Platform

The fintech firm also revealed a roster of issuers that have chosen TDX as their preferred platform for trading digital securities. The list includes prominent names such as Investis Group, la Mobilière, Qoqa, SCCF, Swissroc, and Teylor.

In an interview with Coindesk, Taurus co-founder Lamine Brahimi noted that while TDX presently focuses on Swiss residents, there is potential for the marketplace to extend its reach to foreign investors.

This expansion, however, is contingent upon meeting compliance requirements, varying based on the specific trading segment and issuer involved.