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"At Cité Gestion, our vision is to make it possible for our clients to take full advantage of technological progress in the capital markets, and in particular of the huge potential of rationalization and efficiency gains that the distributed ledger technology offers in this field,” said Christophe Utelli, Deputy CEO of Cité Gestion.
Cité Gestion’s tokenized shares were created using the CMTAT – an open-source smart contract published by the CMTA and specifically dedicated to the tokenization of securities – and recorded on the Ethereum blockchain, the statement said. The Swiss law firm Lenz & Staehelin advised on the corporate and regulatory aspects of the transaction.
Tokenization is a trend that has been gaining in popularity over the past couple of years as institutional investors and the wider public have learned more about the capabilities of blockchain technology.
Did they tokenize their balance sheet or shares meaning stock shares?