Bicoin Suisse is pleased to announce that their platform will be adding support for the Namada token (NAM).
Effective immediately, clients will be able to “hold NAM on our institutional-grade custody solution, Bitcoin Suisse Vault, and to stake tokens to receive network rewards.”
Clients can also buy and sell NAM “by contacting their relationship manager.”
Namada is a layer-1 network that enables users to “securely interact across multiple blockchains while keeping their data confidential.”
This allows for increased transaction privacy when using decentralized services through the use of “multi-asset shielded pools.”
Using Namada, individuals can decide whether to “disclose transaction data publicly or share it with specific parties when transacting on other blockchains.”
Founded in 2022 in Zug, Switzerland, the Namada network is “supported by the Anoma Foundation, which has raised over $60 million in its funding rounds to date.”
The mainnet launched in December 2024 and “has now completed its multi-phase rollout. Initially focused on IBC-compatible chains like Cosmos Hub, Osmosis, Juno and Secret Network, the Namada roadmap envisages the integration of other networks such as Ethereum and Solana in future.”
Bitcoin Suisse Chief Operating Officer & Chief Clients Officer Peter Camenzind said:
“We’re happy to offer our clients the ability to hold, stake and trade NAM—the native asset powering a layer-1 blockchain that provides clear value for DeFi users. Namada stands out by giving users meaningful control over their data, empowering them to exercise greater control over how it is disclosed on decentralized platforms. We believe that this represents a compelling proposition and further highlights the enduring role of Crypto Valley companies in driving Web3 innovation.”
As noted in the update, Namada is the shielded “asset hub rewarding you to protect the multichain.”
Enabling full control over the sharing of personal data in on-chain activities, Namada uses advanced ZK cryptography to “deliver data protection to existing assets, applications, and blockchain networks.”
Namada introduces shielded “cross-chain interactions and passive rewards for holding assets in and strengthening its shielded set.”
As mentioned in the announcement, Bitcoin Suisse is Switzerland’s crypto finance service provider.
Founded in 2013 by crypto-native experts, it provides a cohesive “suite of trading, staking, custody and lending services geared towards private and institutional clients.”
The company is headquartered in Zug and has built a team of “over 200 highly qualified experts in Switzerland, Europe and the Middle East.”
