Daura, a venture backed by Swisscom, has launched a platform that aims to make equity trading easier and less expensive. SMEs and start-ups can now manage their share registers digitally using the daura blockchain solution and sell shares at “the push of a button.” A module for capital increases will be rolled out soon.
From now on, public limited companies can manage their share registers and issue new digital shares and participation certificates through the daura.ch website. At the launch of daura.ch in mid-February, eight SMEs, including the fintech Sygnum and the tourism company Weisse Arena Group (WAG), had already agreed to upload their shares to the daura blockchain platform. Using daura, WAG can distribute shares to its customers. “With the digital share solution, we can easily transfer even micro-shares to any customer who buys a ticket and give them a stake in the company,” said WAG CEO Reto Gurtner.
Other daura clients will use the platform for employee participation programmes or capital increases. Peter Schnürer, CEO of daura, sees the big advantage of the solution in the heightened efficiency is offers: “daura reduces administration and transaction costs”.
Daura is a joint venture between Swisscom and Luka Müller, co-founder of MME, a leading law firm in the blockchain sector. The daura platform enables share transfers by means of blockchain transactions. All legal functions of the shares, e.g. the execution of peer-to-peer transfers, are processed on a private blockchain platform operated in Switzerland and comply with Swiss regulations.
The module for capital increases will be rolled out in mid-March. Further expansionary steps will involve connecting daura to marketplaces. There are also plans to enable the processing of dividend payments and voting at annual general meetings via the daura platform.
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