Tagged: luxembourg

Confluence Partners with Luxembourg’s Fund Service Provider, FundHero, to Provide Managed Software Offering

Confluence Technologies, Inc., an international tech solutions provider assisting the investment management sector with addressing complex investment data challenges, has  announced it has “secured a multi-year agreement” with FundHero S.A., a Luxembourg-headquartered fund service company, that will “combine Confluence’s Cloud-based Revolution platform with its own… Read More

Tokeny Helps Enegra, a $28 billion Company, Migrate Digital Securities from Ethereum to Polygon

Tokeny, a digital asset platform that supports tokenization and digital securities, has aided in the migration of Enegra from Ethereum to Polygon blockchain. Enegra is a commodities trading firm with approximately $28 billion in net asset value (NAV). Enegra Group Ltd, incorporated in Malaysia, enables… Read More

ERC3643: Tokeny Comments on New Protocol for Tokenized Assets

Tokeny Solutions has issued a statement on the new ERC3643, a protocol currently in use by some financial institutions. EIP-3643: T-REX is an Ethereum based standard that is described as an institutional-grade security token standard that provides interfaces for the management and compliant transfer of… Read More

Digital Asset Exchange Blocktrade Reports Oversubscribed €22 Million Series A

Blocktrade SA, a Luxembourg-based digital asset exchange, says it has closed an over-subscribed €22 million series A funding round that garnered investors from 33 different countries. Blocktrade states that it has a vision of building an ecosystem around digital assets. Blocktrade recently hired a new… Read More

Supported by the European Investment Fund, Fabric Ventures Raises $130 Million for DeFi, Digital Asset Fund

Fabric Ventures has announced a new $130 million fund dedicated to backing digital asset and decentralized, or DeFi, early-stage firms. The fund received the support of the European Investment Fund (EIF) which added $30 million to the fund. This is the first EIF backed fund… Read More

Azimut Group, with Azimut Investments S.A., Is Reportedly the First Luxembourg Fund Manager to Acquire Permit to Manage Digital Asset Funds

Azimut Group, with Azimut Investments S.A., is reportedly the first asset management firm based in Luxembourg to acquire authorization to manage digital assets strategies. With this further evidence of the Group’s innovation capabilities, Azimut confirmed that it will be introducing the AZ RAIF Digital Asset… Read More

Spendwisor, a Mobile Payment App with US, UK, Qatar Offices, Secures $50M from Luxembourg’s GEM Global Yield

Spendwisor, a US-headquartered mobile payment app with business offices and service locations in Qatar and the United Kingdom, has confirmed a QAR 190 million ($50 million) investment commitment from GEM Global Yield, a $3.4 billion Luxembourg-headquartered private alternative investment group. The company plans to use… Read More

Luxembourg Fintech Finologee Develops Automated Payments Solutions for Enhancing Workflows

Luxembourg-based Fintech Finologee has reportedly created a hosted system that offers API end-points in order to automate payments and support secure web interfaces which improve workflows and data visualization while establishing a direct connection to the SWIFT network. The product’s development has been supported by… Read More

Digital Asset Firm Tokeny Solutions Partners with Monerium, a European EMI

Digital asset firm Tokeny Solutions has partnered with Monerium to boost the accessibility of digital securities by enabling a digital euro to secondary transfers, according to a note from the company. Monerium is a regulated Electronic Money Institution (EMI) licensed to operate in the European… Read More

European Payments Specialist Banking Circle Reports Significant Rise in Transactions, Users After Acquiring License Last Year

Banking Circle, the payments specialist, has revealed that there’s been a significant “uplift in payments flow” and clients just a year after it launched its Banking License. At the end of February 2020, Banking Circle was awarded a Banking License from the Commission de Surveillance… Read More

UK Fintech 3s.Money, a Banking Challenger that Helps Corporates with Managing Fund Transfers, Secures £3M in Capital

UK-based 3s.money, a startup that assists corporates with accepting and managing their bank transfers in foreign markets, has reached a £40 million valuation following a £3 million Series B round that was led by TMT Investments. As stated on 3s.money’s website: “3S Money is a… Read More

Tokenization Platform Tokeny Solutions Partners with Polygon to Further Streamline Security Tokens

Tokeny Solutions, a tech platform for issuers to tokenize assets, has partnered with Polygon to further streamline the process of tokenizing compliant securities. According to a note from the company, the partnership will allow asset issuers to create security tokens in a cost-effective and scalable… Read More

Luxembourg-Based Car Rental Company UFODRIVE to Close Seedrs Campaign With More Than £1.88 Million in Funding Secured

  UFODRIVE, a Luxembourg-based car rental company, is set to close its equity crowdfunding campaign on Seedrs with more than £1.88 million raised from nearly 850 Seedrs investors. The company launched the funding round in December, originally seeking £1.5 million.  As previously reported, UFODRIVE was founded in 2018… Read More

Luxembourg: It is Now Legal to Issue and Settle Securities on Blockchain

Last month, the Luxembourg parliament approved legislation that enables securities to be issued and managed using distributed ledger technology or blockchain. According to CMS Luxembourg the law: Modernizes the Luxembourg law of 6 April 2013 on dematerialized securities (the “2013 Law”) by inserting a definition… Read More

Car Rental Company UFODRIVE Now Seeking £1.5 Million Through Seedrs Round

  UFODRIVE, a Luxembourg-based car rental company, is now seeking £1.5 million through its equity crowdfunding campaign on Seedrs. Founded in 2018, UFODRIVE claims to be the world’s fastest and easiest car rental experience, using a 100% electric fleet. “Leading the electric revolution, UFODRIVE now… Read More

Financial Infrastructure Developer Banking Circle Reveals that Direct Debit has Facilitated 78 Million Payments, Valued at £1.3 Trillion

Banking Circle, a financial infrastructure developer, reveals that one of the most notable observations from last year was the resilience that so many businesses had shown during the unprecedented socioeconomic uncertainty created by the COVID-19 pandemic. The Banking Circle team has stated that they consider… Read More

Legislation in Luxembourg for Blockchain based Tokenization Is Progressive and Supported by Fintech Sector, Tokeny Solutions CEO Says

The Luxembourg House of Financial Technology (LHoFT), an organization focused on driving innovation for financial services in Luxembourg by connecting the local and global Fintech industry participants, recently shared an update from Luc Falempin, the CEO at Tokeny Solutions, a company that aims to drive… Read More

Payment Service Provider PingPong Payments Secures E-Money License in Luxembourg

PingPong Payments, a payment service provider for e-commerce sellers, announced on Wednesday it has received its authorization as an Electronic Money Institution (EMI) by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. Founded in 2015, PingPong stated that its mission of helping global… Read More

JoomPay Receives E-money License in Luxembourg

JoomPay Europe S.A., a Fintech developing a social finance app aimed to enable money transfers across Europe, has obtained a Luxembourg Electronic Money Institution (EMI) license. Upon receipt, JoomPay will be able to serve clients across the European Union. JoomPay believes that Europe lacks simple… Read More

South Korea’s Seoul Fintech Lab to Work with Investors in Luxembourg to Launch Projects across Europe

The Seoul Fintech Lab, which has been established by the Seoul Metropolitan Government in South Korea, aims to transform the city into one of the leading financial centers in the world. The Fintech Lab’s organizers may be working closely with companies in Luxembourg. There’s an… Read More

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