Swiss banks execute tokenised structured notes, AMCs

Credit Suisse, Pictet and Vontobel have partnered to have tested a new settlement mechanism for tokenised investment products on a public blockchain infrastructure – the proof of concept to issue tokenised investment products was recorded on a public blockchain and traded on BX Swiss, a Swiss regulated stock exchange The three processes of the proof of concept - issuance, trading and settlement - took place within hours when the same transaction in a traditional financial environment woul