Swiss Private Bank Bank Syz Tokenizes Artwork using Taurus Platform

Swiss private bank Bank Syz recently tokenized the artwork "Dreamstime" by Swiss artist Sarah Benslimane using the Taurus tokenization platform. These Ethereum-based security tokens were not sold but distributed to bank employees, giving them ownership of the artwork. Employees can trade these tokens through the Taurus TDX marketplace.

Bank Syz's initiative aims to provide a learning experience for the Swiss bank on a potential solution that its wealth clients might be interested in. The bank already offers cryptocurrency trading and custody services to its clients.

Bank Syz manages assets of around 230 billion Swiss francs (USD 270 billion) and has notable banking partners, particularly in digital asset custody, providing services to Deutsche Bank, CACEIS, Santander, and State Street. (Ledger Insights)