Euronext, the pan-European exchange in the Eurozone, has subscribed the entire €5m capital increase of Tokeny Solutions, resulting in a 23.5% stake and strong governance representation.
Image: Tokeny Solutions’ unique T-REX protocol integrates compliance obligations into the digital asset smart contract. Photo: courtesy of Gerd Altmann from Pixabay.
Launched in 2017, Tokeny Solutions provides all private markets securities issuers, from mid-cap companies and asset management companies to advisors like investment banks, with modular and user-friendly end-to-end solutions to issue, manage and transfer tokenized securities on public blockchain.
Tokeny Solutions’ unique T-REX protocol1 integrates compliance obligations into the digital asset smart contract, to create tokens compliant by design.
Tokenization allows institutions to digitize financial assets, such as equities, debt-like instruments, funds and streamline administration to provide clients a digital-first service. Tokeny Solutions’ end-to-end platform enables the issuance and the management of tokenized securities throughout their lifecycle.
This investment complements Euronext’s position in the nascent digital asset industry, combining Tokeny Solutions’ token management expertise with LiquidShare’s post-trade solutions.
Selected as 2019 Startup of the Year at KPMG’s FinTech Awards Luxembourg, Tokeny Solutions will allow Euronext to onboard a renowned team in the digital asset industry, and broaden its client base towards private companies and investment firms.
Convinced of the long term impact of tokenization on the financial industry, Euronext is committed to developing solutions that continue to serve its clients and ecosystem going forward.
Euronext is the leading pan-European exchange in the Eurozone, covering Belgium, France, Ireland, The Netherlands, Portugal and the UK. The Norwegian stock exchange and its clearing & settlement subsidiary, together operating as Oslo Børs VPS, joined Euronext on 17 June 2019.
With 1,300 listed issuers worth €3.5 trillion in market capitalisation as of end March 2019, Euronext is an unmatched blue chip franchise that has 24 issuers in the Morningstar Eurozone 50 Index and a strong diverse domestic and international client base.
Tokeny Solutions enables mid-cap companies, investment banks, funds, asset managers and distributors to dematerialize assets on the blockchain, allowing them to reach a global audience, enforce compliance obligations, enable automation and increase operational efficiency.
Source: Company Press Release