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Sygnum, a digital asset finance firm with a Swiss banking license, has launched what it claims is a blockchain-based alternative to listing shares on a stock exchange.
On Thursday, the company announced an “end-to-end tokenization solution,” which includes both a primary market issuing platform called Desygnate, and SygnEx, a secondary market trading venue.
The solution will provide issuers with a way to raise capital, increase liquidity, transfer ownership and manage corporate operations, Sygnum said. It will also provide investors with access to tokenized assets, with targeted markets such as venture capital, “mid-cap” companies, real estate, art and collectibles.
With the distributed ledger technology behind the solution, Sygnum requires instant settlement 24/7, as well as reducing counterparty risks with the platform powered by its own Swiss franc-linked stablecoin, Digital CHF (DCHF) .
“With Desygnate and SygnEx, we bring to market a blockchain-based business solution that opens up a world of new opportunities for capital market participants to do business,” said Mathias Imbach, Sygnum Group CEO-designate, in the announcement.
Several companies are already using, or will soon start using, the tokenization solution, according to Sygnum. It lists wealth manager Azimut Group, real estate investment firm ImmoZins, real estate token provider CrowdliToken, electric vehicle company BAK Motors, and wine investment firm Fine Wine Capital AG.
As an alternative to traditional capital markets, Sygnum said it can help companies raise funds by avoiding high costs and extensive listing requirements.
“Switzerland’s estimated 600,000 SMEs and 45,000 new companies founded each year can now attract a wider network of investors and raise capital by issuing security tokens, which can be traded securely on SygnEx,” the company said.
