Victor Ugochukwu · Dec 14, 2020 . 5min read
Sygnum launches end-to-end tokenization solution
Sygnum launches end-to-end tokenization solution. It introduces a blockchain platform for listing both primary and secondary securities.
By Komal Joshi · Nov 28, 2020 . 6min read
Switzerland’s crypto-friendly bank Sygnum declared on Thursday, the launch of a blockchain-based platform for listing tokenized securities. In accordance with the announcement, Sygnum Bank launches its regulated end-to-end tokenization solution. The blockchain-alternative of the stock exchange will facilitate both primary and secondary listing. The blog post further explains that Desygnate is for the primary market, while SygnEx is for secondary market trading. This allows issuers to develop unique investment opportunities for investors by combining them seamlessly in one platform. Moreover, it serves as a benchmark in respect to global public and private markets.
Sygnum to execute settlements via its Digital CHF stablecoin
According to Sygnum, the launch of a new end-to-end tokenization solution will assist companies in quickly raising capital, developing liquidity, efficiently assigning ownership and controlling corporate actions. The blockchain-based platform will also enable investors to enter global markets such as mid-cap, venture capital, real estate, and art & collectibles. Moreover, the settlements will be made round the clock in its Swiss Franc stablecoin, the Digital CHF (DCHF).
Sygnum’s end-to-end tokenization solution can assist companies in raising funds while circumventing high costs and extensive listing requirements. The company is essentially aiming to combine Switzerland’s 600,000 SMEs and 45,000 new companies. Therefore the companies established each year with the help of investors, enable them to raise capital through tokenization.
For the uninformed, Sygnum became one of the first Swiss crypto companies to obtain a banking license from the Swiss Financial Market Supervisory Authority (FINMA). This license enables the company to issue, trade, store, and manage digital assets like Bitcoin and Ethereum. It also provides other digital currency-related services. Simultaneously with its progress in Switzerland, the company has also extended its global base and earned a capital markets license in Singapore. Earlier this month, the Swiss company began staking services with Tezos, which will enable the token holders to receive up to 5% in staking rewards.
Earlier, Sygnum, in association with cryptocurrency platform Coinify and Galaxus, executed an e-commerce transaction utilizing Sygnum’s stablecoin. Moreover, the e-commerce transaction was the first one with the bank’s stablecoin called Digital Swiss Franc (DCHF).
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