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Switzerland based Sygnum Bank, a Licensed Digital Asset Bank, has Helped with Tokenizing Premium Investible Wines
Switzerland-based
Sygnum Bank, a licensed digital asset bank founded on “Swiss and Singapore heritage” operating globally, and
Fine Wine Capital, a privately-held specialist trading firm with a special focus on the fine wine market, have reportedly tokenized a range of premium investible wines. This initiative has notably created the first such digital asset tokens issued under the updated Swiss (distributed ledger technology) DLT law, which recently went into effect.
NEWS: Sygnum Bank and Fine Wine Capital issue first tokenized asset under new Swiss DLT law
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Sygnum Bank and Fine Wine Capital issue first tokenized asset under new Swiss DLT law 01 February 2021
Source: Sygnum Bank Sygnum Bank and Fine Wine Capital AG have successfully tokenized a range of premium investible wines, creating the first asset tokens issued under the new Swiss DLT law, whose first provisions come into effect today. Assets tokenized on Sygnum’s Desygnate platform are issued under the incoming legal framework, and will be fully recognised under a new category of ledger-based securities.
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