Yesterday Swiss-based Sygnum Bank unveiled its security token solution. The digital asset bank regulated in Switzerland and Singapore has two platforms, Desygnate for ‘bank-grade’ token issuance and Sygnex for digital asset trading, both of which are blockchain-powered. It’s certainly not the first security token platform, but it claims it’s the first bank to offer end-to-end tokenization.
There are plenty of others, such as high profile Securitize, which recently made an acquisition to add a secondary market offering. The other Swiss digital asset bank, Julius Baer-backed SEBA, recently announced its tokenization plans with DASL and Tokensoft. Even law firm DLA Piper has unveiled a security token solution.
Sygnum promotes the usual advantages of tokenization such as fractional ownership, ease of transfer and greater liquidity for illiquid investments. Another is lowering the costs of access to capital for SMEs compared to the hurdle of a formal listing.
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