Swiss cryptocurrency bank SEBA, in partnership with the Digital Asset Shared Ledger (DASL) liquidity network for crypto assets, will issue tokens-shares for traditional assets.
The SEBA statement noted that the goal of the project was to narrow the gap between traditional and digital financial systems. The partnership will also allow SEBA tokenize assets on the Corda blockchain. The new digital securities distribution service will complement the custodial service SEBA and the asset management service. In addition, SEBA and DASL will join forces to develop infrastructure for financial institutions.
“The widespread adoption of digital assets and securities by institutional investors requires reliable platforms for distribution, secondary trading and liquidity. DASL provides SEBA a secure platform for our digital securities portfolio. We hope to combine our strengths with the strengths of DASL to further improve our solutions and services, ”said Matthew Alexander, Head of Asset Tokenization at SEBA.
The DASL platform based on the Corda blockchain allows issuing, managing, moving and calculating operations with tokenized securities.
Earlier this year, SEBA and Julius Baer Bank introduced a service for trading and storing crypto assets.