Former UBS Executive Claude Waelchli Launches Tokenyz Platform To Issue Digital Securities
Former UBS Executive Claude Waelchli Launches Tokenyz Platform To Issue Digital Securities
November 28, 2019
Former UBS Executive Claude Waelchli Launches Tokenyz Platform To Issue Digital Securities
Former UBS Executive Claude Waelchli Launches Tokenyz Platform To Issue Digital Securities
November 28, 2019

Claude Waelchli, a Former Executive of UBS, the Investment Bank, has established a United States-based digital securities platform.

On November 27, it has been reported in a press release that Waelchli, who served over 12 years at UBS in various executive positions, launched the Tokenyz platform for issuing digital securities

However, Waelchli states that the financial industry can benefit from digital securities as they can automate manual processes, streamline settlements, create liquidity, and lower minimum trade size.

Eventually, he intends to connect “tech companies with immense tokenization capability but little financial acumen, and financial services companies locked into their traditional business models.”

He said:

“It is our firm belief that the digitization of traditional securities will create exponential growth opportunities in the years ahead.”

Claude Waelchli

Likewise, in late August, the U.S. Securities and Exchange Commission registered Securitize, a digital securities platform, supported by Coinbase, a crypto exchange. The registration enabled Securitize to operate as an official keeper of records about changes of ownership in securities.

Recently, Deutsche Börse Venture Network (DBVN) partnered with Cashlink, a German fintech company, allowing institutional investors to obtain digital securities.

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Thus, Peter Fricke, the Director of DBVN, commented:

“With this new offering from our partner, we are able to simplify the process of raising capital for startups on our network, and all within an existing regulatory framework.”

Peter Fricke

Source: cointelegraph.com


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
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