{"id":33361,"date":"2020-12-14T19:31:30","date_gmt":"2020-12-14T17:31:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33361"},"modified":"2025-08-28T13:25:59","modified_gmt":"2025-08-28T10:25:59","slug":"swiss-regulated-cryptocurrency-bank-sygnum-tokenised-its-shares-and-plans-to-conduct-the-first-dlt-based-ipo-among-financial-institutions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/swiss-regulated-cryptocurrency-bank-sygnum-tokenised-its-shares-and-plans-to-conduct-the-first-dlt-based-ipo-among-financial-institutions\/","title":{"rendered":"Swiss-regulated cryptocurrency bank Sygnum tokenised its shares and plans to conduct the first DLT-based IPO among financial institutions."},"content":{"rendered":"<p>Swiss-regulated cryptocurrency bank Sygnum tokenised its shares and plans to conduct the first DLT-based IPO among financial institutions.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">News: Sygnum the world\u2019s first bank to tokenize its shares, lays foundation for future public offering<\/p>\n<p>This strategic milestone was achieved using Sygnum\u2019s in-house tokenization platform, Desygnate.<\/p>\n<p>Read the full press release here: <a href=\\\"https:\/\/t.co\/ESUEO7RKYT\\\">https:\/\/t.co\/ESUEO7RKYT<\/a><br \/>\n<a href=\\\"https:\/\/twitter.com\/hashtag\/Tokenization?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Tokenization<\/a> <a href=\\\"https:\/\/t.co\/NVIkdQkLhb\\\">pic.twitter.com\/NVIkdQkLhb<\/a><\/p>\n<p>\u2014 Sygnum Bank (@sygnumofficial) <a href=\\\"https:\/\/twitter.com\/sygnumofficial\/status\/1338397822706737155?ref_src=twsrc%5Etfw\\\">December 14, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>To issue security tokens, Sygnum uses the Desygnate platform, compatible with <a href=\"https:\/\/u1f987.com\/en\/news\/switzerland-to-implement-a-legal-framework-for-blockchain-regulation-in-2021\">coming into force<\/a> in February 2021 under Switzerland\u2019s Blockchain Act.<\/p>\n<p>The platform will enable issuers to carry out all regulatory procedures necessary for subsequent listing of shares.<\/p>\n<p>The shareholder registry of Sygnum will be constantly and automatically updated with every transaction, allowing the bank to manage operations on primary and secondary markets in a fully digital manner. This eliminates lengthy settlement processes, thereby minimising counterparty risk. The platform will also help bypass the requirement for a written transfer of shares between buyers and sellers.<\/p>\n<p>Sygnum plans to harness the smart-contract capabilities of tokenised shares to realise the full potential of the investor\u2013issuer relationship.<\/p>\n<blockquote>\n<p>\u201cThe tokenisation of shares provides investors with a fully regulated, highly efficient and potentially more inclusive alternative to traditional methods of capital raising,\u201d the press release says.<\/p>\n<\/blockquote>\n<p>The issuance of shares could precede a dual listing in Switzerland and Singapore, in partnership with SIX Digital Exchange.<\/p>\n<p>Earlier, SIX Digital Exchange and SBI Digital Asset Holdings <a href=\"https:\/\/u1f987.com\/en\/news\/sbi-holdings-and-six-to-build-blockchain-platform-for-institutional-clients\">announced<\/a> the launch in Singapore of a blockchain platform for institutional clients from Europe and Asia. The platform will offer issuance, listing, trading, as well as central securities depository infrastructure for cryptocurrencies and regulated security tokens.<\/p>\n<p>Earlier, Sygnum <a href=\"https:\/\/u1f987.com\/en\/news\/swiss-crypto-bank-sygnum-gains-approval-to-trade-digital-assets\">received<\/a> FINMA approval for the primary issuance, custody, and secondary trading of digital securities.<\/p>\n<p>Subscribe to the ForkLog channel on <a href=\\\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiss-regulated cryptocurrency bank Sygnum tokenised its shares and plans to be the first among financial institutions to conduct an initial public offering (IPO) based on distributed ledger technology.<\/p>\n","protected":false},"author":1,"featured_media":33362,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1229,1211,468],"class_list":["post-33361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-banks-and-fintech","tag-stock-market","tag-switzerland"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=33361"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33361\/revisions"}],"predecessor-version":[{"id":33363,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/33361\/revisions\/33363"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/33362"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=33361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=33361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=33361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}