Euronext, the leading pan-European exchange in the Eurozone, has announced that it has subscribed the entire €5 million capital increase of tokenisation platform Tokeny Solutions, resulting in a 23.5% stake and strong governance representation.
Launched in 2017, Tokeny Solutions provides all private markets securities issuers, from mid-cap companies and asset management companies to advisors like investment banks, with modular and user-friendly end-to-end solutions to issue, manage and transfer tokenized securities on public blockchain. Their unique T-REX protocol integrates compliance obligations into the digital asset smart contract, to create tokens compliant by design.
Tokenisation allows institutions to digitise financial assets, such as equities, debt-like instruments, funds and streamline administration to provide clients a digital-first service. The Tokeny Solutions end-to-end platform enables the issuance and the management of tokenised securities throughout their lifecycle.
This investment complements Euronext’s position in the nascent digital asset industry, combining Tokeny Solutions’ token management expertise with LiquidShare’s post-trade solutions.
Selected as 2019 Startup of the Year at KPMG’s FinTech Awards Luxembourg, Tokeny Solutions will allow Euronext to onboard a renowned team in the digital asset industry, and broaden its client base towards private companies and investment firms.
Convinced of the long term impact of tokenisation on the financial industry, Euronext is committed to developing solutions that continue to serve its clients and ecosystem going forward.
Tokeny sarl is hosted at Luxembourg's House of Financial Technology (LHoFT).