Swiss crypto bank Sygnum tokenizes shares and prepares for public offering
Sygnum claims it is the first bank in the world to tokenize its shares. Sygnum, a major cryptocurrency bank in Switzerland, has successfully tokenized its shares on a blockchain in preparation for its upcoming public sale.According to an official Dec. 14 announcement, the bank tokenized its shares on the Ethereum blockchain using a proprietary tokenization platform called Desygnate.The blockchain-based platform issues digital representations of shares and associated legal rights and obligations on a distributed ledger, providing an alternative to traditional capital raising options like an....
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The regulated Swiss firm is now eyeing a dual listing of shares in Switzerland and Singapore in partnership with the SIX Digital Exchange.
Sygnum, a Swiss-based bank, has recently revealed that it will begin offering customers access to Ethereum 2.0 staking through its banking platform. This would make the bank the first bank to offer ETH 2.0 staking to its clients. Sygnum Bank has said that its clients would be able to conveniently and security stake Ethereum through […]
The Swiss-licensed firm has launched a tokenization service and a trading platform, offering, it says, real-time settlement.
The Switzerland-based bank Sygnum has announced this week that the fintech firm is now storing digital assets with the company Taurus Group. On Friday, the bank also revealed that the FINMA-approved firm’s clientele can purchase and stake XTZ by leveraging the Tezos network. Earlier this year, news.Bitcoin.com reported on a number of Switzerland-based fintech services like Sygnum, Arab Bank Switzerland, Falcon, Maerki Baumann, SEBA Bank, and others obtaining banking licenses from the country’s Financial Market Supervisory Authority (FINMA). In January, the Swiss bank Julius....
Swiss digital asset bank Sygnum is issuing NFTs representing fractionalized ownership in a Picasso painting. Digital asset-focused Swiss Bank, Sygnum, has teamed up with art investment firm Artemundi to offer fractionalized ownership shares in a Pablo Picasso painting for $6,000 each.Shares representing ownership over $3.68 million Picasso painting, “Fillette au béret,” will be tokenized and issued via blockchain technology, allowing a wide variety of investors to gain exposure to the artwork.The nonfungible tokens (NFTs) can be exclusively purchased by sophisticated and institutional....