Pan-European exchange Euronext has made a €5 million investment in tokenization platform Tokeny Solutions, according to a press release. In return, Euronext has obtained a 23.5% stake in the company as well as “strong governance representation.”
The Luxembourg-based fintech provides tools needed for security tokenisation. It offers both issuance and management of the tokens, issued on a public blockchain. In order to assure compliance, the company has developed T-REX protocol, which “integrates compliance obligations into the digital asset smart contract, to create tokens compliant by design.”
Tokeny will co-operate with LiquidShare, a blockchain fintech created by Euronext along with other financial institutions like BNP Paribas, CACEIS, and Société Générale. The fintech has been brought to life to develop a post-trading blockchain infrastructure for SMEs.