Altcoins Talks - Cryptocurrency Forum

Further Discussions => Legality & Taxation of Cryptos => Topic started by: sirty143 on January 26, 2024, 02:15:09 PM

Title: Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securit
Post by: sirty143 on January 26, 2024, 02:15:09 PM

Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securities and Digital Assets

(https://i.imgur.com/PMc7qrvm.jpg)

The Swiss financial markets regulator has granted the digital asset infrastructure firm Taurus the approval which allows its retail users to “create an account and trade digital assets and tokenized securities.” Besides receiving the FINMA approval, Taurus said it will be admitting new tokenized assets... See more for yourself here (https://news.bitcoin.com/swiss-regulator-grants-approval-enabling-retail-users-to-trade-tokenized-securities-and-digital-assets/).

Your opinion is greatly appreciated.

Title: Re: Swiss Regulator Grants Approval Enabling Retail Users to Trade Tokenized Securit
Post by: joniboini on February 01, 2024, 01:31:31 PM

Not very surprising. As far as I can find through Google or other search engines, Switzerland is quite progressive in this tokenization legal framework. Some reports suggest that other platforms already started this tokenization business in the real estate industry[1], although I'm not sure if they use the same legal framework or not. That being said, Taurus seems to be one of the famous businesses that managed to obtain licenses since 2021[2]. They seem to have launched a different tokenized platform, not sure if that is the requirement for the approval or if it is purely for profit reasons. It is also unclear if this[3] has any relation to this. If they do, maybe we can see similar progress in other countries on that group as well.

[1] https://www.jstor.org/stable/resrep22004.6?seq=1
[2] https://www.taurushq.com/blog/taurus-launches-the-worlds-first-regulated-marketplace-for-digital-assets
[3] https://www.coindesk.com/policy/2023/10/30/singapore-japan-uk-swiss-regulators-plan-asset-tokenization-pilots/