Tagged: switzerland

Switzerland based Digital Asset Fund Dialectic Makes Strategic Investment in Suterusu, a Layer-2 Privacy Protection Protocol

Suterusu, the first layer-2 privacy protection protocol that doesn’t need a trusted setup, has reportedly received a strategic investment from Dialectic. Dialectic’s management noted that they’ve been quite impressed by Suterusu’s ability to adapt and evolve the protocol “very quickly.” As a multi-chain “Maximalist,” Dialectic… Read More

Contactless Payments and Credit Card Transactions Increasing Steadily in Switzerland: Report

The Swiss Payment Monitor reveals that the trend towards credit card use and contactless payment methods has remained steady in Switzerland. The Swiss Payment Monitor is a research initiative that’s supported by the University of St.Gallen and the ZHAW Zurich University of Applied Sciences. The… Read More

Digital Asset Infrastructure Provider METACO Integrates with Tezos

METACO, a digital asset infrastructure provider serving financial institutions, has integrated with Tezos, a public blockchain. METACO provides an end-to-end solution for functionalities on Tezos and other major proof-of-stake and DeFi protocols, including; Aave, Uniswap, and Compound METACO provides digital asset services such as tokenization,… Read More

Digital Banking: Switzerland’s PostFinance Partners Swissquote to Launch Virtual Bank App Yuh, Will be Available May 11

PostFinance, the financial services division of Swiss Post, has teamed up with Swissquote in order to launch a digital banking app, called Yuh. The Fintech app will be available to the public on May 11, 2021. PostFinance and Swissquote had first announced plans to work… Read More

Open Banking: IT Firm Adesso Schwetz and Hypothekarbank Lenzburg to Work on Core Banking Solutions for Swiss Markets

Adesso Schweiz, a consulting and IT services provider, has teamed up with Hypothekarbank Lenzburg in order to further develop and market Open Banking solutions in Switzerland’s capital markets. As noted by the Adessor Schweiz AG team: “For a business to succeed, you need innovative ideas… Read More

UK’s ClearBank Reports that European Fintech Firms Consider Banks to be Key Partners in Ensuring Regulatory Compliance

ClearBank, the UK’s first “new clearing bank” in over 250 years which aims to bring open competition and transparency to the nation’s financial services sector, has published a report covering the working relationships between banks and Fintechs. The report is titled, How Well are Fintechs… Read More

Digital Currency Diem, Formerly Libra, to Include Rigorous KYC

Christian Catalini, an MIT Professor and co-founder of Diem (formerly Libra), visited with CNBC yesterday providing a minor update on the much-anticipated cryptocurrency. Libra/Diem lurched into the crypto-sphere in 2019 with great expectations of becoming a non-sovereign digital currency utilized by the hundreds of millions… Read More

Swiss Wealth Management Group Julius Baer Introduces Digital Advisory Suite for Asian Markets

Swiss wealth management group Julius Baer has introduced its Digital Advisory Suite (DiAS) in Asian markets. The DIAS soluton aims to simplify the regulatory compliance process for relationship managers, allowing them to provide compliant advice to their customers. The suite serves as a “fully-integrated” solution…. Read More

METACO Harmonize: An “Institutional Digital Asset Orchestration System”

Switzerland-based METACO, a provider of security-critical infrastructure for the digital asset ecosystem, has launched METACO Harmonize, an “end-to-end digital asset orchestration system for institutions.” So what exactly is “digital asset orchestration”? METACO explainst that it is a system of applications to manage a range of… Read More

SEBA, Swissquote, Sygnum, Vontobel and Swisscom Join in Proof of Concept Digital Asset Reference Rate

Swisscom has joined with financial firms SEBA, Sygnum, Vontobel, and Swissquote, to pilot the Swiss Institutional Digital Asset Reference Rate (SIDAR). According to a public statement, during a two-week testing period, the partners carried out daily fixings for Bitcoin and Ether. The banks acted as… Read More

Consumers in Helvetia, Switzerland Can “Live on Crypto,” Benefit from Free Markets, Low Taxes, BitRefill Explains

BitRefill, a company that helps consumers “live on” crypto with gift cards, phone refills, and Lightning Network (LN), notes that in Switzerland, people can take advantage of free markets, low taxes and a high standard of living. BitRefill notes in a blog post that they’re specifically… Read More

Switzerland based Banking Solution Provider CREALOGIX Hires Fintech Professional Jordi Perez as Regional MD

Switzerland-based banking solution provider CREALOGIX has reportedy hired Jordi Perez to serve as its Regional Managing Director. Perez is expected to take on the responsibility for CREALOGIX’s business operations in Austria, Germany, and Switzerland. He will be overseeing operations in other Central European countries as… Read More

Digital Securities: Binance Now Offers Security Tokens of Listed Shares, Starts with Tesla

Binance has announced the launch of digital securities including fractional shares with zero commissions. The world’s largest digital asset exchange has taken a natural next step to offer investors both traditional and crypto-assets. Binance is providing the service in partnership with CM-Equity AG, licensed in… Read More

Peer to Peer Trading Platform Zenotta Raises $10.7 Million in Seed Funding via Token Offering

Zug, Switzerland-based Zenotta AG, a peer-to-peer trading system and Smart Data Platform, has raised  CHF 10 million ($10.7M USD) through a token sale, in its first seed funding round, according to a company release. Zenotta says it wants to create a more “decentralized, democratic, and… Read More

Mass Affluent Digital Bank Alpian Raises $18 Million

Alpian SA, a digital bank targeting the “mass affluent” has raised a Series B round of $18 million (CHF16.9 million). This latest funding round follows a Series A round in 2020 where Alpian raised CHF12.2 million. Alpian has been incubated by the Swiss banking group… Read More

Switzerland based Proptech Properti Launches 212 New Listings in March 2021, the Most Ever for the Platform in a Month

The team at Properti,  a technology-driven real estate firm focused on modernizing residential properties in Europe, reveals that it remains focused on expanding its operations. Properti’s management noted: “As of April 1, 2021, we have expanded our team in the areas of marketing, business development,… Read More

Digital Banking: Co-founder of Germany’s Penta Bank Launches Relio Virtual Banking Solution for Swiss SMEs

Co-founder of Germany-based virtual bank Penta has introduced an initiative, known as Relio, which aims to focus on serving Swiss small and medium-sized businesses (SMEs). Relio has been launched because digital banking platforms that exist today are not meeting the unique requirements of smaller businesses…. Read More

Property Tokenization Firm RealT Selects Swiss Fintech Mt Pelerin to Support Digital Securities

RealT, a US-based real estate investment platform, has chosen Bridge Protocol, the open-source asset tokenization technology by Switzerland-based Mt Pelerin to aid in its issuance of digital securities. RealT seeks to make access to property investments via tokenization. According to RealT, investors may participate in… Read More

MERJ Exchange Plans “First” Tokenized SPAC

Horizon Globex GmbH and MERJ Exchange Limited are partnering on what is said to be the first tokenized SPAC or special purpose acquisition company. The joint venture is described as revolutionizing SPACs. The SPAC  IPO is predicted to reach $100 million in value. The launch… Read More

Denied: Bitcoin Suisse AG Application for Bank License Refused by FINMA

Bitcoin Suisse AG has been denied by the Swiss Financial Market Supervisory Authority (FINMA) in its application for a banking license.  Bitcoin Suisse submitted an application for a Swiss banking license in July 2019. According to a statement by FINMA, the bank license application was… Read More

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