The Swiss Financial Market Supervisory Authority (FINMA) has granted Taurus – a Geneva-based Start up - a license as a securities firm. This allows the company to implement the trading platform in the first place. The regulated marketplace is intended to free up liquidity for investors and SMEs. This could fill an important gap in the current digital asset ecosystem. In addition, the Swiss DLT bill, which came into force on February 1, 2021, has clarified the legal framework for tokenized securities.
With the new marketplace, the Swiss company aims to meet the growing demand from banks and issuers for an open infrastructure for tokenized securities and private assets. All types of digital assets will to be supported, not just cryptocurrencies.