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Taurus SA and Aktionariat AG have partnered to tokenize the shares of Swiss small and medium-sized enterprises (SMEs) to offer investors new trading opportunities. Through this partnership, Aktionariat’s tokenization solution will enable companies to convert their shares into blockchain-based tokens on the Ethereum network.
The initiative will be introduced to investment firm RealUnit Schweiz AG, which primarily focuses on real assets, and will go live in November. Victor Busson, chief marketing officer at Taurus SA, stated that tokenized shares offer “the same economic and social rights as traditional shares.” He also emphasized that in the event of a loss of tokenized shares, unlike cryptocurrencies, issuers can create “new” tokens in accordance with their shareholder registers.
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The tokenized shares will be traded on the Taurus Digital Exchange (TDX) platform, which will increase liquidity access for Swiss SMEs. Investors will be able to own shares digitally with tokenized shares and choose between unregistered and registered shares. Taurus will include shares tokenized by Aktionariat on the TDX platform, providing access to banks, investors and retail customers.
The first issuer of this initiative will be RealUnit Schweiz AG, which will tokenize its shares in 2022. CEO Dani Stüssi said that this step is a natural progression to increase accessibility and liquidity for investors.
Taurus also began to tokenize SME loans in December 2023 in collaboration with German fintech firm Teylor. This collaboration offers token holders the opportunity to receive monthly cash flows and enables professional private debt investors to trade on blockchain-based secondary markets.
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