Fine Wines Become First Tokenized Securities Under New Swiss Blockchain Law

Fine Wines Become First Tokenized Securities Under New Swiss Blockchain Law

In effect from today, Switzerland's new blockchain law allows Sygnum to freely issue tokenized assets, starting with investable wines.


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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....

Collection of South African Fine Wine Sold as NFTs

Collections of South Africa’s fine wines were recently sold as non-fungible tokens (NFTs) with one lot being sold for $79,000. Immediately following the auction, two lots were reportedly paid for using bitcoin. Lots Exceed Estimates Collections of fine wines made by some of South Africa’s leading producers have been sold as non-fungible tokens (NFTs) in what has been described as a first for the country’s wine industry. The auction, which was conducted by fine art auctioneer Strauss & Co, saw some lots, like Klein Constantia’s Vin de Constance....

Startup Uses Blockchain to Crackdown on Wine Fraud

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Switzerland’s Tokenized Securities Law Ushers In New Chapter for Digital Assets

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Fine Wine Blockchain Platform WiV Technology Raises $1.5 Million, Funding Led...

WiV Technology, a blockchain-based project focused on the fine wine industry and non-fungible tokens (NFTs), announced it raised $1.5 million in fresh capital to further accelerate the development of its platform for tokenized fine wine. The funding round attracted participation from RedCave Ventures, Daniel Maegaard, SuperNatural, 1010 Capital, StableNode and Tokenization. These investors participated by […]