Swiss banking license holder, Sygnum Bank announced on Thursday the launch of a blockchain-based platform for listing tokenized securities.
The blockchain-alternative of the stock exchange will support both primary and secondary listing: Desygnate is for the primary market, while SygnEx is for the secondary market trading.
“Empowering both issuers and investors to create and have access to unique, often frontier, investment opportunities has been a core part of Sygnum’s mission since day one,” Sygnum’s Group CEO, Mathias Imbach said.
“With Desygnate and SygnEx, we bring a blockchain-powered business solution to market which opens up a world of new opportunities for capital market participants to do business.”
According to the crypto bank, the new platform will offer companies to raise capital faster, built liquidity, and efficiently transfer ownership and manage corporate actions.
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The blockchain-based platform will also allow investors to access markets like venture capital, mid-cap, real estate, and art & collectables. According to Sygnum, the settlements will be done round the clock in its Swiss Franc stablecoin, the Digital CHF (DCHF).
The company is primarily targeting to connect Switzerland’s estimated 600,000 SMEs and 45,000 new companies founded each year with the investors, allowing them to raise capital via tokenization.
Making of a Crypto Banking Giant
Sygnum became one of the first two Swiss crypto companies to receive a banking license from the Swiss Financial Market Supervisory Authority (FINMA). This license allows the company to issue, store, trade and manage the digital assets Bitcoin and Ethereum and offer other digital currency-related services.
Along with its presence in Switzerland, the company has further expanded its global base and gained a capital markets license in Singapore.
Earlier this month, the Swiss company launched staking services with Tezos, which will allow the token holders to earn up to 5 percent in staking rewards.