The Swiss credit fintech Teylor and digital asset custody and tokenization provider Taurus launch the Teylor ledger-based security, aiming “to make SME credit accessible as an asset class.”
Teylor originates and manages SME loans “through its Teylor credit platform.”
By tokenizing part of this credit portfolio on the Taurus infrastructure and TDX regulated marketplace, professional Private Debt investors can now “participate in the returns through a secure blockchain-based secondary market.”
This marks the first Luxemburg-based private debt portfolio tokenization.
Patrick Stäuble, CEO and Founder at Teylor, says:
“Our credit portfolio of high-quality SME loans is funded through private transactions with large-cap financial institutions. We also regularly receive inquiries from smaller family offices and individual professional investors who wish to participate in our portfolio returns. However, the available capital of this investor class is typically not sufficient for a private transaction. With the admission of the Teylor ledger-based security on the TDX platform, we can now offer a standardized investment product. Professional investors can simply open an account and trade our security token.”
Taurus launched its platform in 2018, “offering institutional-grade digital asset infrastructure. The company collaborates with leading financial institutions and corporations and holds a securities firm license regulated by the Swiss Financial Market Supervisory Authority (FINMA).”
Taurus’ team has a track record of working with financial institutions worldwide and commands a 50%+ market share in Switzerland.
Trading participants on TDX primarily include banks, securities firms, as well as professional and institutional investors.
Lamine Brahimi, Managing Partner and Co-Founder at Taurus, says:
“Private SME Debt has historically been an illiquid asset class as secondary markets are hardly accessible outside of the institutional investment realm. The Teylor ledger-based security now makes it possible for investors to commit smaller amounts and trade the token in our regulated TDX marketplace. Teylor also fits well into our ecosystem of regulated financial services providers with a solid track record.”
Teylor has processed more than € 3 billion “in SME debt over the past three years.”
The portfolio underlying the Teylor ledger-based security “consists of German SME credit with steady cash flows.”
The TDX platform distributes the principal and interest monthly to the security token holders.”
