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… Continue reading Swiss Companies Issue First Tokenized Asset for Trading Under New National Blockchain Rules
Category: Switzerland
21Shares to list Polkadot ETP on Swiss SIX exchange
21Shares’s Crypto Basket ETP has also replaced Bitcoin Cash with Polkadot.
Switzerland’s Tokenized Securities Law Ushers In New Chapter for Digital Assets
Regulated crypto banks SEBA and Sygnum each issued tokenized securities to mark the occasion.
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.
Phase one of Switzerland’s blockchain law goes into effect
The first phase of Switzerland’s two-part crypto and blockchain regulatory framework is effective as of today.
Switzerland’s Crypto Broker AG Wins Securities House License From FINMA
Banks can tick a box and start trading with us, said CEO Rupertus Rothenhaeuser.
BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack
Bank for International Settlements (BIS) general manager Agustin Carstens has criticized bitcoin saying the asset was inherently risky and “increasingly vulnerable” to a 51% attack. A long time bitcoin (BTC) skeptic, Carstens stressed that only central banks should be issuing digital currencies. “Investors must be cognizant that bitcoin may well break down altogether,” he opined,… Continue reading BIS Chief Banker Criticizes Bitcoin as Inherently Risky, Says BTC Vulnerable to 51% Attack
CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange
CoinShares’ CSO says the firm is “starting 2021 off with a bang” by launching a $200 million physically-backed Bitcoin ETP on Switzerland’s SIX exchange.
Nornickel to use blockchain for its new ETCs on Deutsche Börse and LSE
A palladium fund founded by Norilsk Nickel will launch exchange-traded commodities for metals custodied using blockchain at the Deutsche Börse and London Stock Exchange.
Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion
Switzerland’s principal stock exchange has revealed that its crypto trading volume hit a record high of CHF 1.1 billion ($1.23 billion) in 2020. The exchange now offers 34 exchange-traded products, allowing investors “access to 100 different crypto products trading on our platform,” said the exchange’s head of markets. Crypto Trading Volume on Switzerland’s Stock Exchange… Continue reading Swiss Stock Exchange’s Crypto Trading Volume Soars — Hits Record $1.2 Billion