Bitcoin Suisse announced on Friday it secured CHF 45 million through its Series A funding round, which was led by Roger Studer, a Swiss Banker and former Head of Vontobel Investment Bank (SIX:VONN), and the Studer Family Office.
As previously reported, Bitcoin Suisse is an early entrant in the crypto and blockchain sector in Switzerland. The company is a regulated Swiss financial intermediary that is undergoing the licensing process to operate as a Swiss bank. Currently, Bitcoin Suisse operates a trading service, prime brokerage, custody, lending, staking, tokenization, and other crypto-financial services for both individuals and institutions.
“Bitcoin Suisse has been pioneering crypto-financial services since 2013. The company played a crucial role in the development of the Cypto Valley and the overall Swiss blockchain ecosystem.”
Based on the terms of the financing, the current valuation of Bitcoin Suisse is now CHF 302.5 million. Speaking about the investment round, Niklas Nikolajsen, Chairman and Founder of Bitcoin Suisse, stated:
“The Series A fundraising we have concluded today is a milestone in the history of Bitcoin Suisse. The strength of our business model, experience, and the attractiveness of our strategy and business plan have now been validated by the market and by the investors.”
Dr. Arthur Vayloyan, CEO of Bitcoin Suisse, further commented:
“Bitcoin Suisse has a unique opportunity to leverage the potential of the still nascent digital asset market and to create substantial value for our clients and investors. The success of our capital increase confirms our position as a leader and provides us with the necessary capital base, resources and strength to continue pioneering the digital asset sector as it develops towards an institutional scale industry.”
Bitcoin Suisse went on to add that moving forwards and with strong support from institutional investors, it is now ready to embark on its next growth phase as the market leader in crypto-financial services in Switzerland and beyond.