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Taurus to Launch Securities Trading Platform after Obtaining Swiss License

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The Taurus Securities Platform seeks to serve its potential clients with a diversity of offerings.

The Geneva-based tech firm Taurus has obtained the securities license from the Swiss Financial Market Supervisory Authority and is on track to unveil its digital asset trading platform next month. As reported by Coindesk, the company is set to launch its Taurus Digital Exchange (TDX) on May 10 and will seek to provide investors and banks with the ability to trade a number of assets including tokenized securities, private assets, real estate, art, non-fungible tokens, and cryptocurrencies.

As the cryptocurrency industry journeys into its mainstream adoption cycle, firms around the world have been exploring options to rollout services to capture the marketplace. In this pursuit, Switzerland ranks as one of the major crypto havens leading the financial innovation, and the granting of the Taurus securities license is yet another proof.

“We are convinced that the tokenization of real assets is the future of investment,” said Lamine Brahimi, co-founder at Taurus Group. The Taurus executive also pointed out that TDX is targeted toward small and medium companies, non-listed large corporations, and real estate firms. Through the exchange’s products, these institutions will gain access to “greater liquidity and capital” a benefit that is currently being enjoyed by large publicly listed companies.

Per the Coindesk report, a number of organizations are already onboarding and these include but are not limited to Arab Bank Switzerland, Hypothekarbank Lenzburg, Flow Bank, and SEBA.

Taurus Securities Platform to Prioritize Diversity

The Taurus Securities Platform seeks to serve its potential clients with a diversity of offerings. According to the firm, both primary issuance and direct listings will be enabled on TDX. The new securities platform was also confirmed to be designed to manage central limit order books, auction-based or request for quotes systems. These offerings, however, depend on the underlying asset and regulatory framework.

The new Taurus Securities Platform will also be able to process smart contracts or decentralized finance DApps that are built or launched on either the Ethereum or Tezos blockchain networks respectively.

TDX is a cap to Taurus’s business as the firm is known to serve professional, institutional, and high networth retail clients according to its regulatory disclosure. Its offerings borders on the Market-making of virtual assets, securities, and financial instruments, as well as the custody of digital assets for the account of its customers.

The granting of the securities license to Taurus is a testament to the ongoing Swiss law reform, targeted amongst many things to let cryptocurrency innovations thrive. Switzerland is also a growing hub for Bitcoin and general crypto Exchange Traded Fund (ETF) products.

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Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.



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Ethereum price closes in on $4K as Shiba Inu (SHIB) steals Dogecoin’s thunder

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The crypto market has rallied into the weekend as Ether (ETH), Dogecoin (DOGE) and Shibu Inu (SHIB) hit new all-time highs as they lead the pack of altcoins up the market cap mountain. 

Much of the excitement behind Dogecoin’s rally has been attributed to the upcoming appearance of Elon Musk, the CEO of Tesla and a Dogecoin advocate, on the popular Saturday Night Live comedy sketch show. Ether, on the other hand, continues to rally toward $4,000 as institutional interest in the altcoin soars and the approaching London hard fork have investors feeling extra bullish.

Data from Cointelegraph Markets and TradingView shows that after briefly dipping to a low of $3,418 in the late hours on May 8, Ether price regained its composure and proceeded to vault 13% to reach a new all-time high at $3,958. 

ETH/USDT 4-hour chart. Source: TradingView

While some have been surprised by the bullish movement from the second-largest cryptocurrency by market capitalization, it comes as no shock to Cointelegraph market analyst Marcel Pechman who recently detailed how Ether “could easily sustain until $5,000.”

Bitcoin (BTC) has used its time out of the spotlight to quietly climb higher with bulls now attempting to hold the price above $59,000.

Canine-themed ‘meme coins’ lead the pack

Dogecoin has emerged as one of the biggest mainstream attention grabbers in cryptocurrency history as scores of new users got their first taste of crypto trading from the popular meme token.

The week-long build-up in momentum for DOGE led to a 25% surge in the early trading hours on Saturday that lifted its value to a new all-time high at $0.74 before profit-taking dropped the price back below $0.68.

DOGE/USDT 4-hour chart. Source: TradingView

Thanks to the global attention that Dogecoin has attracted, a number of canine-themed projects have arisen, including Shiba In (SHIB), which burst onto the scene following a two-day rally that saw its value launch 1,100% higher to establish a new record high at $0.0000178.

The overall cryptocurrency market cap now stands at $2.463 trillion and Bitcoin’s dominance rate is 44.8%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.