Bank Syz, the Swiss private bank, tokenized an artwork using the Taurus tokenization platform. Rather than tokenizing a Picasso, it is the “Dreamstime” artwork by Swiss resident Sarah Benslimane. The Ethereum-based security tokens aren’t being sold. Instead, the bank transferred them to staff, giving them ownership of the piece.
If the token holders want to buy and sell tokens, they can do so via the Taurus TDX marketplace.
Bank Syz is a family run managing around CHF 23 billion ($27 billion) in assets. Taurus has some big name banking partners, particularly for digital asset custody. Last month it added State Street, the world’s second largest global custodian, in addition to serving Deutsche Bank, CACEIS and Santander.
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