Swiss crypto bank Sygnum tokenizes shares and prepares for public offering

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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