Tokenisation players to watch

Taurus

[Switzerland]

Loved by financial institutions (Credit Suisse, Deutsche Bank, Pictet, Swissquote, CACEIS, etc.), Taurus enjoys an excellent reputation thanks to its licence issued by Finma, the Swiss financial regulator. The start-up provides a diversified offering ranging from trading to custody of cryptos, via an asset tokenisation infrastructure. Taurus has been involved in around 20 tokenisation transactions in recent months with issuers based in Switzerland and the European Union, including banks and asset managers, as well as SMEs and start-ups. In all, Taurus says it has issued half a billion euros worth of tokenised financial assets. 

Tokeny Solutions

[Luxembourg]

Tokeny is one of the historic players in tokenisation (2017). Euronext, which is none other than Europe's leading marketplace, has invested in the company as of 2019. Tokeny says it has worked with more than 50 clients in equities, debt and real estate. Around $30 billion of assets have been tokenised via its platform (although not all of these securities are necessarily liquid). 

Fireblocks

[Israel]

Fireblocks is a security and infrastructure platform specialising in the transfer, storage and protection of digital assets. It will launch an all-in-one tokenisation platform by the end of 2023. Its target audience is primarily businesses that want to experiment with tokenisation projects from a simple interface with just a few clicks. Fireblocks raised $550 million in early 2022 for a valuation of $8 billion. 

Bitbond

[Germany]

Another long-standing player, Bitbond shone in 2019 with the first tokenisation of financial assets authorised by Bafin, the German financial regulator. The start-up also worked on issuing a stablecoin euro with Bankhaus von der Heydt (BVDH), one of Europe's oldest banks. 

Forge - Société Générale Group

[France]

Created five years ago within Société Générale, Forge is a wholly-owned subsidiary dedicated to digital assets. A specialist in token issuance, Forge notably assisted the European Investment Bank (EIB) with its first €100 million digital bond issue on Ethereum. She has also worked on investments in digital securities with major insurers such as AXA and Generali.

BNP Paribas Asset Management

[France]

Asset Foundry is an integrated platform of BNP Paribas CIB covering all aspects of tokenisation, from legal aspects to compliance and technology. In particular, it carried out a bond issue on behalf of EDF ENR to finance a solar energy project to the tune of €100,000.