Today Swiss digital asset firm Taurus announced that ski and sports resort Alaïa used its platform to tokenize its stock on the public Ethereum blockchain. The shares were deposited with Credit Suisse, which integrated the Taurus suite to manage the shares digitally.
“We are committed to supporting entrepreneurs and financial institutions to make private assets digital and facilitate corporate finance 2.0,” said Lamine Brahimi, co-founder at Taurus. “The collaboration with the Credit Suisse Institutional Clients team has been exceptional.”
A key benefit of tokenization is to broaden the pool of investors for private stocks. However, because of the higher risks, most countries restrict access to qualified or professional investors. To sign up for Taurus, one has to either have investment skills plus assets of CHF500,000 or assets of more than CHF 2 million.
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