Swiss bank Cité Gestion is the first private bank to tokenize its shares Tokenization privatebank JPMorgan
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions.
"At Cité Gestion, our vision is to make it possible for our clients to take full advantage of technological progress in the capital markets, and in particular of the huge potential of rationalization and efficiency gains that the distributed ledger technology offers in this field,” said Christophe Utelli, Deputy CEO of Cité Gestion.
Cité Gestion’s tokenized shares were created using the CMTAT – an open-source smart contract published by the CMTA and specifically dedicated to the tokenization of securities – and recorded on the Ethereum blockchain, the statement said. The Swiss law firm Lenz & Staehelin advised on the corporate and regulatory aspects of the transaction.
Tokenization is a trend that has been gaining in popularity over the past couple of years as institutional investors and the wider public have learned more about the capabilities of blockchain technology.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Swiss pension fund increasing its exposure to gold following dismal bond, equity performance in 2022Kitco News' general-interest stories takes a look at what is making headlines in the marketplace and how that is impacting precious metals prices
Read more »
Alberta First Nation-led company bringing new internet infrastructure to 24 communitiesAlberta estimates about 489,000 Albertans living in 201,000 households lack access to federal target speeds of 50 megabits per second (Mbps) downloads and 10…
Read more »
Alberta First Nation-led company bringing new internet infrastructure to 24 communitiesAlberta estimates about 489,000 Albertans living in 201,000 households lack access to federal target speeds of 50 megabits per second (Mbps) downloads and 10…
Read more »
Damar Hamlin attending his first game since cardiac arrestBuffalo Bills safety Damar Hamlin, who went into cardiac arrest during a game three weeks ago, is in attendance at Highmark Stadium for Buffalo’s AFC divisional-round playoff game against the Cincinnati Bengals
Read more »
'It's part of sports': Johnny Gaudreau anticipates boos in first return to CalgaryJohnny Gaudreau is making his first return to Calgary since departing the Flames as a free agent and signing with the Columbus Blue Jackets.
Read more »
Bills' Damar Hamlin attends first game since collapse, waves to fansBuffalo Bills player Damar Hamlin made his first public appearance since going into cardiac arrest three weeks ago.
Read more »