How can asset tokens be traded?
Asset tokens can be traded on SygnEx, an organized trading facility (‘OTF’) under Article 42(a) of the FinMIA, operated by Sygnum as the OTF Operator. On SygnEx, orders can be placed in the order book or existing orders can be accepted. The OTF permits multilateral trading exclusively and does not allow executing participants’ orders to be matched against the OTF Operator’s own book or that of a company within the same group. Additionally, the OTF Operator is entitled to exercise discretion in relation to instructions on the OTF, and there is no automated matching system in place.
Sygnum’s regulated secondary market platform can be accessed via the Sygnum banking portal by clicking “Trading” under the Tokenized assets section.