Taurus Opens TDX Marketplace to Retail Clients After FINMA Approval

Bits Logics Team . 24th Jan 2024

• Taurus has successfully gained approval from the FINMA to extend its digital asset trading facility.
• This approval will allow retail investors to access and trade a wide spectrum of digital securities on the TDX platform.
• Investis Group, La Mobilière, Qoqa, SCCF, Swissroc, and Teylor have already chosen TDX as their preferred venue for trading digital securities.

Taurus, the regulated securities firm, has successfully gained approval from the Swiss Financial Market Supervisory Authority (FINMA) to extend its digital asset trading facility, TDX, and financial services to retail clients. This move signifies a pioneering step for the firm in the digital asset industry, allowing retail investors to access and trade a wide spectrum of digital securities on the TDX platform.

Taurus, renowned for its digital asset infrastructure for banks and corporations, has been granted the green light to offer its services to retail, professional, and institutional investors. The approval from FINMA underscores the robust organization, technology, and processes employed by Taurus, ensuring a secure and compliant environment for all transactions.

Retail clients, along with professional and institutional investors, can now engage in trading digital assets and tokenized securities on TDX using various fiat currencies, including Swiss franc (CHF), Euro (EUR), and US dollar (USD). This expansion brings multiple benefits to both issuers and investors, fostering enhanced liquidity and efficient capital raising for companies.

Taurus has also announced a list of esteemed issuers, including Investis Group, La Mobilière, Qoqa, SCCF, Swissroc, and Teylor, who have chosen TDX as their preferred venue for trading digital securities. This move is expected to bolster the liquidity of digital securities and provide a user-friendly and secure platform for retail investors who participated in capital raises.

To facilitate a seamless launch for retail clients, Taurus has appointed Mr. Yann Isola as TDX Head of Product. With 15 years of experience in building trading platforms, Mr. Isola will oversee the design and implementation of the TDX platform across all customer segments.

Taurus’ commitment to digitizing private markets aligns with the industry trend towards real-world asset (RWA) tokenization. The company aims to create a marketplace where retail, professional, and institutional clients can trade various digital assets, including securities, while adhering to applicable laws and regulations.

This development marks a significant stride towards making private security trading as accessible as everyday online purchases, reflecting the evolving landscape of the digital asset space.