Swiss-based digital asset bank Sygnum Bank and Fine Wine Capital, a privately held specialist trading company with a focus on the fine wine market, have successfully tokenised a range of premium investible wines, creating the first asset tokens issued under the new Swiss DLT law, which has come into effect.

Fine Wines Capital was one of a strong cohort of issuers that took part in the recent launch of Sygnum’s bank-grade tokenisation solution, including Gruppo Azimut (mid-cap vertical), Bak Motors (venture capital vertical) and ImmoZins and CROWDLITOKEN (real estate vertical).

This fully integrated, institutional-grade solution is comprised of Desygnate, a primary market issuance platform and SygnEx, a secondary market trading venue.

The bank has also tokenised its own shares on Desygnate, laying the foundation for a potential future public offering.

Assets tokenised on Sygnum’s Desygnate platform are issued under the incoming legal framework, and will be fully recognised under a new category of ledger-based securities.

Based on the new legal provisions, Sygnum has developed a framework which links the ownership of financial and real assets to a DLT-based asset token.

With this, securities in the form of asset tokens can be conveniently and securely issued and traded. All associated legal rights and obligations will be automatically transferred to the new investor and fully recognised by the Swiss legal system.

High-growth, attractive real asset investments like premium wine, fine art and diamonds are often illiquid and hard-to access.

Sygnum’s bank-grade tokenisation solution enables issuers to make their unique investment opportunities more widely accessible, affordable via fractional ownership, and easily tradeable.

“The legal provisions which come into effect today ensure that asset tokenisation is now a viable alternative to traditional securitisation from a legal point of view.

 

At Sygnum, we have developed a framework which allows us to efficiently issue our clients’ asset tokens under the new legal framework.”

said Gino Wirthensohn, Sygnum Bank’s Head of RegTech.