Swiss Bank Cité Gestion Tokenizing Own Shares

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Swiss private bank Cité Gestion confirms partnering with Taurus to tokenize the shares. The autonomous banks revealed plans to leverage the Taurus platform as it explores opportunities presented by blockchain technology.

Tokenizing Shares via Taurus Technology 

The recent press release by the Swiss entity indicates it is pioneering tokenized shares’ issuance as ledger-based securities. Cité Gestion is set to manage smart contracting when creating the shares. The independent private banks will utilize Taurus technology during assert servicing for its ledger-backed securities. 

The popularity of the tokenization trend inspired the enactment of tokenized securities law in Switzerland. Financial institutions perceive digitizing asset classes as allowing the TradFi operators to attract investors to leverage blockchain technology. 

Tokenizing Securities Gains Popularity 

The revelation by Cité Gestion echoes Taurus’ statement that digitizing private assets is setting the pace and setting new standards within the securities and asset industry. 

Recently, the Swiss investment space witnessed a similar move by Hamilton Lane (HLNE) to tokenize three funds. The investment management firm confirmed partnering with Securitize, a digital asset firm. Hamilton Lane anticipates leveraging the digitized platform to attract new investors. 

Cité Gestion and Hamilton Lane’s moves mirror the September announcement by KKR detailing its plans to utilize the Avalanche blockchain to tokenize the Healthcare Care Strategic Growth Fund.

CMTA Standards Guiding Tokenization Process

Tokenizing the Cité Gestion shares observed standards set out by Capital Markets and Technology Association (CMTA). Cité Gestion deputy chief executive Christophe Utelli lauded the application of standards formulated by the Geneva-based CMTA to ensure an adequate risk management framework. 

The company clarified that while the shares were tokenized via the CMTAT’s open-source smart contract, Ethereum was utilized to record the securities. 

Established in April 2018, Taurus announced obtaining a license granted by the Financial Market Supervisory Authority to facilitate banks’ and investors’ trade of various assets. 

Today, Taurus has facilitated 15 companies to tokenize equity, structured products and private debt across Europe. 

Utelli described the Cité Gestion move as one inspired to explore the possibilities offered by the new Swiss law in digitizing securities and tokenizing shares.  


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