Part of the promise of blockchain technology is its supposed ability to improve the issuance and exchange of tokenized securities to make them more secure, efficient and transparent than is possible in traditional finance. The practical application of security tokens, however, has been slow to develop, largely due to regulatory hurdles.
One country that seems to be ahead of the rest is Switzerland, where standards developed by the Capital Markets and Technology Association (CMTA) are now seeing adoption in capital markets.
The Geneva-based Taurus has developed a suite of tools to enable companies to tokenize their shares on Ethereum in a regulatory-compliant manner. Today, Taurus announced that Alaia SA, a startup that develops and manages sport and hospitality infrastructure, has successfully done just that, with the shares deposited at the banking giant Credit Suisse and soon to be available on the secondary market via Taurus Digital Exchange.
