The financial institutions are working with fintech firm 360X, with first tokenized transactions coming later this year.
In effect from today, Switzerland's new blockchain law allows Sygnum to freely issue tokenized assets, starting with investable wines.
Farm assets like soybeans will be tokenized on a platform from CoreLedger for trading against other assets like cattle or fiat currency.
The token is being claimed as the first blockchain-based financial instrument in Switzerland to hold an International Securities Identification Number.
CurioInvest is selling tokenized shares of a limited-edition Ferrari worth over $1 million.
Switzerland’s central bank and the SIX stock exchange will study using a central bank digital currency to settle trades of tokenized assets.
Morningstar Credit Ratings is planning a rating system for tokenized debt securities to make the emerging asset class more credible for investors.