With tokenization, banks are taking action! – In the digital age, a new technological aspect is opening up to us thanks to the blockchain technology: share tokenization. A new, more accessible and updated way for those who want to experience new adventures. And the first to rush into this digital breach is Cité Gestion. Explanations.
Equity tokenization: Cité Gestion rides the next trend
An important partnership has just been established between City managementa fearless Swiss bank, e Bull, a Swiss specialist in digital assets. The heart of the matter: the tokenization of shares of the banking giant founded in 2009, Cité Gestion. This partnership is unprecedented in the sense that Cité Gestion thus becomes the first private bank in the world to do so tokenize your capital through Taurus.
This tokenization of the bank’s shares was carried out in accordance with the current Swiss laws. In addition to complying with the standards established by Legislative Decree Capital Markets and Technology Association (CMTA). The CTMA is an organization whose goal is precisely to promote the use of blockchain technology within the traditional capital markets.
Cité Gestion is therefore positioned at the forefront of innovation by being among the first to come into contact with these mysterious and complex smart contracts that infest the blockchain. Also, the titles were created using the format standard CMT. It is an open source smart contract dedicated to the tokenization of financial securities and distributed on Ethereum. All under the control of the law firm Lenz & Stahelin.
“At Cité Gestion, our vision is to enable our clients to take full advantage of technological advances in the capital markets, and in particular the enormous potential for rationalization and efficiency gains that blockchain technology offers in this field. . For it was important for our bank to be among the first […] to tokenize our shares. »
Christophe Utelli, deputy general manager of Cité Gestion
>> Don’t trust platforms to keep your cryptocurrencies? Ledger has the solution (commercial link) <
When traditional finance takes the step of the web3
The del Toro company is obviously not at the first attempt. Created in 2018, it offers a whole range of cryptocurrency services: staking, trading, issuing and custody of assets… It has also long since gained the trust of the banking sector. Its clients are numerous: large universal and private banks, online banks and even crypto-banks.
“We are pleased with the partnership with Cité Gestion for the tokenization of their shares. We participated in the tokenization of 15 companies last year, covering a wide range of assets. Nearly half come from regulated institutions or organizations. We believe that 2023 will mark an acceleration in this sector and we are ready to accompany private companies to take the plunge. »
Sébastien Dessimoz, co-founder and managing partner of Taurus
For Taurus, the digitization of assets it’s clearly more than a fad. The tokenization of private securities is a trend that is set to register for the long term. And today we see only the first fruits. Indeed, with the aim of positioning itself among the first in this field, Taurus quickly made available to its future customers all the necessary tools: asset tokenization platform and multiple services. All licensed FINMA (Swiss Financial Market Supervisory Authority).
If the previous years had been those of NFTs, DeFi or even the metaverse, the year 2023 could very well be the year of tokenization. That of the migration of traditional activities, powered by blockchain technology, to explore new horizons. All sprinkled, perhaps, some artificial intelligence ?
Do you need a secure wallet to explore the multiple applications of DeFi? The best solution is still a personal hardware wallet. To the ledger, there is something for all profiles and all cryptocurrencies. Don’t wait to secure your capital (trade link)!