Copy link
Increase text size
Decrease text size
Link copied

Former UBS veteran launches digital securities issuance platform; Aims to improve outdated legacy system

A former executive of the Swiss bank UBS has now partnered with two crypto experts to launch Tokenyz, a digital securities issuance platform to address the outdated system of financial institutions.

Image: Unsplash

Thu, 28 Nov 2019, 03:57 am UTC

A former UBS executive has left the Swiss bank to embark on a campaign to bridge tech companies operating in the crypto space with the traditional financial institutions that are still using the outdated legacy system. A press release on Nov. 27 announced that Claude Waelchli will be launching a US-based digital securities issuance platform called Tokenyz.

Waelchli believes that the traditional financial market can greatly benefit from the digitization of assets like debt, equity, and real estate. Drawing from his 12-year eclectic experience from UBS and his own research on the crypto market, Waelchli has partnered with Benson Samuel and Harsh Patel to complement his own expertise.

The former’s proficiency lies in algorithmic trading systems for crypto and digital assets, while the latter is an experienced blockchain developer dealing with smart contracts concerning cybersecurity protocols. Commenting on the project, Waelchli highlighted the two factions that he aims to connect, which can revolutionize the industry and push it to new heights.

Bridging the gap

“Today we have two separate camps: tech companies with immense tokenization capability but little financial acumen, and financial services companies locked into their traditional business models, who experiment a little with new technology but nothing substantial to date,” Waelchli said.

The team has been hard at work in developing the platform to cater to accredited individual investors and institutional investors. The endeavor has now moved to standardized digital securities on the ERC-1400 token, CoinDesk reported.

Waelchli’s vision for asset digitization

With the launching of Tokenyz, the platform has now joined the likes of Securitize, SharesPost, and OpenFinance that are also operating in the same niche. This rise in digital asset tokenization is part of the growing influence of blockchain and digital ledger technology in the financial sphere. Waelchli believes that this nascent innovation will play an important role in the next evolution of the financial market.

“Over the last few years, I have truly grasped the disruptive power of blockchain technology for financial markets and existing business models. By joining forces with distinguished engineers and entrepreneurs in the digital securities space, we have embarked on a mission to build the world's leading digital investment bank. It is our firm belief that the digitization of traditional securities will create exponential growth opportunities in the years ahead,” Waelchli said.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,894.43 (+2.12%)
  • Ethereum (ETH) $170.62 (+4.06%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $371.01 (+14.10%)
  • Bitcoin SV (BSV) $287.50 (-8.40%)
  • Bitcoin (BTC) $8,894.43 (+2.12%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft