Swiss private bank Syz recently used the Taurus tokenization platform to successfully tokenize a work of art. This time the tokenized work was not a famous Picasso painting, but a "Dreamstime" by Swiss artist Sarah Benslimane. The Ethereum-based security tokens were not sold, but were distributed to bank employees, giving them ownership of the work.
Employees who want to trade these tokens can buy and sell them through the Taurus TDX market. Syz Bank manages assets of around 23 billion Swiss francs and explores the potential of blockchain technology in wealth management through this project. Nicolas Syz, head of Syz Private Bank, said that this project not only allows employees to experience art in a new way, but also helps banks explore the application value of tokenization for future wealth management services.
In addition, other Swiss banks such as Sygnum have also tokenized Andy Warhol's Four Marilyn in 2022.
Syz Private Bank in Switzerland is tokenizing artworks through the Taurus platform
2024-09-17 22:50:09
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