Markets, Tokenization, Sygnum Bank

Sygnum, a digital asset finance firm with a Swiss banking license, has launched what it says is a blockchain-based alternative to listing shares on a stock exchange.

On Thursday, the company announced an “end-to-end tokenization solution,†comprising of both a primary market issuance platform called Desygnate, and SygnEx, a secondary market trading venue.

The solution will provide issuers a way to raise capital, grow liquidity and transfer ownership and manage corporate actions, Sygnum said. It will also bring investors access to tokenized assets, with targeted markets being venture capital, “mid cap†companies, real estate and art and collectibles.

With distributed-ledger technology underlying the solution, Sygnum claims instant settlement around the clock and seven days a week, as well as reduced counterparty risks with the platform powered by its own Swiss franc-linked stablecoin, Digital CHF (DCHF).

“With Desygnate and SygnEx, we bring a blockchain-powered business solution to market which opens up a world of new opportunities for capital market participants to do businessâ€, said Mathias Imbach, CEO designate of Sygnum Group, in the announcement.

A number of companies are already using, or will soon start to use, the tokenization solution, according to Sygnum. It lists asset manager Azimut Group, property investment firm ImmoZins, real-estate token provider CrowdliToken, electric vehicle company BAK Motors and wine investment firm Fine Wine Capital AG.

As an alternative to traditional capital markets, Sygnum said it can help companies raise funding while avoiding high costs and extensive listing requirements.

“Switzerland’s estimated 600,000 SMEs, and the 45,000 new companies founded each year, can now attract a broader network of investors and raise capital by issuing security tokens, which can be securely traded on SygnEx,†the company said..

RELATED NEWS

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player. Bordier Customers Can Also Buy and Hold Other Cryptos According to the announcement, the Swiss bank, founded […]

Xem chi tiết: 177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

A 177-year-old bank in Switzerland has enabled cryptocurrency trading within its services, with expectations to expand. Bordier & Cie SCmA added bitcoin and other cryptos to its list of services by partnering with a well-known domestic crypto player. Bordier Customers Can Also Buy and Hold Other Cryptos According to the announcement, the Swiss bank, founded […]

Xem chi tiết: 177-Year-Old Swiss Bank Bordier to Offer Bitcoin and Other Crypto Trading Services

Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Coronavirus-driven lockdowns and social distancing limits affect people’s way of entertaining themselves, such as going to karaoke. In South Korea, that activity is too popular, and despite the COVID-19 outbreak, the crypto industry is trying to capitalize on it. Somesing: A Blockchain-Based Karaoke App Per Fn News, Somesing, a blockchain-based karaoke app, already hit the […]

Xem chi tiết: Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Bitcoin Hits $50K, Crypto Asset Jumps 200% in 3 Months, USD Shorts Touch a Decade High

The price of bitcoin touched an all-time high surpassing the $50k handle on February 16, 2021. Cryptocurrency advocates celebrated the milestone as bitcoin has spiked more than 200% during the last 90 days and 400% against the U.S. dollar for the entire year. Bitcoin (BTC) has crossed the psychological $50,000 zone after fighting the region […]

Xem chi tiết: Bitcoin Hits $50K, Crypto Asset Jumps 200% in 3 Months, USD Shorts Touch a Decade High

Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’

Digital currency prices are on the move again, after tumbling a hair downwards during Sunday evening’s trading sessions. On Sunday the price of bitcoin dropped -7.64% after touching a lifetime price high at $49,715 and then slid to $45,915. As trading sessions entered into Monday, BTC has regained some of the losses as it jumped […]

Xem chi tiết: Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’

Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’

Digital currency prices are on the move again, after tumbling a hair downwards during Sunday evening’s trading sessions. On Sunday the price of bitcoin dropped -7.64% after touching a lifetime price high at $49,715 and then slid to $45,915. As trading sessions entered into Monday, BTC has regained some of the losses as it jumped […]

Xem chi tiết: Bitcoin Snaps Back After Slight Dip, Current BTC Chart ‘Is Near Identical to August 2017’

Bitcoin Taps $48K- Traders Discuss Overheated Stats and a Possible Chinese New Year Dump

The price of bitcoin soared to new heights after Tesla informed the public that it added $1.5 billion to the company’s balance sheet. Bitcoin touched an all-time high (ATH) reaching $48,216 per unit and has retreated in value a hair since then. While crypto enthusiasts are bullish, a few supporters and analysts believe the crypto […]

Xem chi tiết: Bitcoin Taps $48K- Traders Discuss Overheated Stats and a Possible Chinese New Year Dump

Bitcoin Price Surpasses $44k Handle, ETH Futures Launch, Tesla’s Balance Sheet BTC Praised

The price of bitcoin touched a new all-time high on Monday after the community discovered that Elon Musk’s firm Tesla added $1.5 billion worth of bitcoin to the company’s balance sheet. At press time, bitcoin is meandering over the $43k handle and has an overall market capitalization of around $814 billion today. Crypto Markets Rise […]

Xem chi tiết: Bitcoin Price Surpasses $44k Handle, ETH Futures Launch, Tesla’s Balance Sheet BTC Praised

Bit.com’s Daily Volume for Bitcoin Cash Options Doubled Every Day Since Launch

Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs

Bit.com’s Daily Volume for Bitcoin Cash Options Doubled Every Day Since Launch

Bitcoin Climbs Past $40k, Analyst Expects Another Jump in BTC Value, ETH Taps New Highs

Blockchain Firm Labs Group Taps Enjin to Tokenize Real Estate Assets

Crypto Markets Surge, ETH Price Rallies, Bitcoin’s Tight Range Indicates Big Move Ahead

Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules

Blockchain Platform to Set up a Tokenization Solution for Argentinean Farmers as Peso Keeps Plummeting