Swiss Bank Cité Gestion Becomes First Private Bank to Tokenize Its Own Shares

Tokenization of Cité Gestion’s shares was carried out in accordance with standards established by the Capital Markets and Technology Association (CMTA), a Geneva based not-for-profit organization, the bank said in the statement. “Taurus and the application of the CMTA standards ensure that an adequate risk management framework is at the heart of the process,” said Christophe Utelli, Deputy CEO of Cité Gestion.