Private Bank Bank Syz Tokenizes Artworks via Taurus Platform

Odaily Odaily News: Swiss private bank Bank Syz recently used the Taurus tokenization platform to tokenize the work "Dreamstime" by Swiss artist Sarah Benslimane. These Ethereum-based security tokens were not sold, but distributed to bank employees, giving them ownership of the work. If employees want to trade these tokens, they can buy and sell them through the Taurus TDX market. Bank Syz's program is designed to provide Swiss banks with a learning experience of a potential solution that their wealth clients may be interested in. So far, it has provided cryptocurrency trading and custody services to its clients. Bank Syz manages assets of approximately 23 billion Swiss francs ($27 billion) and has some well-known banking partners, especially in digital asset custody, and is providing services to Deutsche Bank, CACEIS, Santander, and State Street. (Ledger Insights)