Teylor AG („Teylor”) and Taurus SA („Taurus”) form a strategic partnership to tokenize Teylor’s SME credit portfolio and provide token holders with monthly cashflows.
Teylor’s SME credit portfolio is wrapped through a Luxembourg-based vehicle, which is tokenized. Allen and Overy (“A&O”) and Schellenberg Widmer (“SW”) provided legal advice.
Teylor ledger-based security will be admitted for trading on Taurus’ regulated marketplace (“TDX”), creating a liquid secondary market for private debt investments on a regulated institutional-grade blockchain infrastructure.
With this partnership, Teylor and Taurus leverage synergies in their shared mission to build digital and inclusive financial markets.
Zurich, 14 December 2023—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 proven track record of working with leading 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.
About Teylor AG
Teylor is the Swiss technology company that has developed the Teylor Credit Platform, a suite of software modules that enable financial institutions to build, deliver, and scale digital credit products. Banks throughout Europe use Teylor's software modules to innovate their lending processes, digitize their products, and reduce the cost of lending. SMEs rely on Teylor for fast and convenient access to capital through Teylor's own private debt fund. Teylor can customize its software modules to fit the requirements of any credit provider and credit product. Lenders can pick individual modules to complement and integrate with their existing legacy processes and technologies or develop entirely new digital processes from scratch. Teylor is Zurich-based and was founded in 2018 by Patrick Stäuble. www.teylor.com
About Taurus SA
Taurus SA is a Swiss FinTech, founded in April 2018, that provides enterprise-grade digital asset infrastructure to issue, custody, and trade any digital assets: cryptocurrencies, tokenized assets, NFTs, and digital currencies. Taurus is a global leader in the banking segment, entrusted by the full spectrum of financial institutions: systemic banks, universal banks, online banks, crypto-banks, private banks, and broker-dealers. Taurus also operates a marketplace for private assets and tokenized securities. Taurus SA is a securities firm supervised and regulated by FINMA. TDX is an organized trading facility operated by Taurus. For further information on Taurus, please visit www.taurushq.com.