Swiss Bank Syz Tokenizes Artwork Using Taurus Platform

According to Odaily, Swiss private bank Bank Syz has recently utilized the Taurus tokenization platform to tokenize the artwork 'Dreamstime' by Swiss artist Sarah Benslimane. These Ethereum-based security tokens were not sold but allocated to bank employees, granting them ownership of the artwork. Employees wishing to trade these tokens can do so through the Taurus TDX market. This initiative by Bank Syz aims to provide a learning experience for Swiss banks, potentially offering a solution that could interest their wealth clients. So far, the bank has been offering cryptocurrency trading and custody services to its clients. Bank Syz manages assets worth approximately 23 billion Swiss francs (equivalent to 27 billion USD) and collaborates with several notable banking partners, particularly in the digital asset custody sector. It provides services to Deutsche Bank, CACEIS, Santander, and State Street.