Today, Swiss securities exchange SIX and digital asset bank Sygnum announced an investment in
daura, the SME share registry and tokenization firm. The two companies did not disclose the amount of investment. Swisscom and the Deutsche Börse previously invested in daura.
The collaboration brings together two separate efforts for creating a digital asset ecosystem in Switzerland. Until now, Swisscom, Sygnum Bank, Deutsche Börse, and the startups Custodigit and daura worked together on digital assets. Meanwhile, separately SIX launched a prototype of its
SIX Digital Exchange (SDX).
To date, the fundamental difference between the two digital assets initiatives in Switzerland was the target customer. While SIX focuses on large enterprises, daura caters to SMEs. daura offers unlisted companies a platform to digitize their share register and issue security tokens, with each token representing a share. This enables SMEs to sell stakes in their company over the internet.
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