Swiss Companies Issue First Tokenized Asset for Trading Under New National Bl...

Swiss Companies Issue First Tokenized Asset for Trading Under New National Bl...

New legal provisions on distributed ledger technology (DLT) went into effect on Feb. 1 in Switzerland. After the implementation, two local companies announced that they had issued the first tokenized asset under the brand-new law. ‘Fine Wine’ Token Is Available for Sygnum Bank’s Clients Per the announcement, Swiss digital asset bank Sygnum and Fine Wine Capital AG launched collectible premium wine-backed tokens, becoming the first ones under the new blockchain rules. Assets tokenized through Sygnum’s platform, Desygnate, will be recognized under a new category of....


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