Tagged: switzerland

June 25, 2020 @ 8:40 am By Omar Faridi  |  

Switzerland-based Credit Suisse, a multinational wealth manager, investment bank and financial services firm, has made a deal with modalmais, a Brazilian digital bank. According to the terms of the agreement, the Swiss bank will purchase preferred shares that will be “equivalent to up to 35%”… Read More

June 20, 2020 @ 9:42 am By Omar Faridi  |  

Switzerland listed Fintech firm Achiko is reportedly planning to offer payment services to European businesses. Based in Indonesia, the company is now moving to Switzerland after its shareholders supported the decision during a recent meeting. Established in 2018, the Jakarta-headquartered company currently offers payment services… Read More

June 18, 2020 @ 9:10 am By Omar Faridi  |  

Ontology (ONT), a “high-performance” enterprise blockchain platform developed in 2017 by a Chinese firm called OnChain, which is headed by Erik Zhang and Da HongFei, the developers of the NEO Blockchain (which was initially used to launch Ontology), has confirmed that it will be working… Read More

June 14, 2020 @ 3:02 pm By Samantha Hurst  |  

  Interchain Foundation (ICF), a Switzerland-based foundation that is supporting, promoting, and advancing open and decentralized systems, announced last week it was awarding grants to blockchain architects Althea, Chainsafe, Confio, Lunie, Iqlusion and Regen Network. According to ICF, the funding will help these projects build… Read More

June 10, 2020 @ 1:16 pm By JD Alois  |  

  The Libra Association continues its push to create a fortress management team with another high-profile appointment. Today, Libra has announced Sterling Daines as its Chief Compliance Officer. Daines is said to be an expert in financial crime and compliance. Currently, Daines is the Managing… Read More

June 10, 2020 @ 6:59 am By Omar Faridi  |  

Switzerland will be introducing QR-bill payments by the end of this month. They will reportedly have a digitally readable code that will hold all payment data. QR-bill payments will be offered along with seven other existing paper-based payment slips that are used to process transactions…. Read More

June 1, 2020 @ 7:33 am By Omar Faridi  |  

Martin Stadler, CEO at Altoo, the developer of a wealth platform which focuses on connecting people, wealth, and related processes by leveraging the latest technology, says that his company has onboarded significantly more clients recently because of the current market situation which has seen highly… Read More

May 26, 2020 @ 8:20 am By Omar Faridi  |  

UBS Group AG (SWX: UBSG), a Swiss multinational investment bank and financial services company based in Switzerland with around $1 trillion in assets, is planning to invest hundreds of millions of dollars of its own funds into various Fintech firms. As reported by Bloomberg (which… Read More

May 26, 2020 @ 7:38 am By Omar Faridi  |  

Bitcoin (BTC) and other digital currencies can be difficult to spend because most merchants still do not accept them. The Switzerland-based firm, Eidoo, is planning to help consumers easily spend virtual currencies by launching a Visa crypto debit card that will use regulated or compliant… Read More

May 19, 2020 @ 9:27 am By JD Alois  |  

The Libra Association, based in Switzerland, continues to build out its executive bench. Today, Libra has announced the selection of Robert Werner as its General Counsel. Created by Facebook (NASDAQ:FB), Libra is envisioned as a digital currency operated on a distributed ledger platform. According to… Read More

May 11, 2020 @ 3:19 pm By Samantha Hurst  |  

SEBA Bank, a Switzerland-headquartered digital asset bank that holds regulatory licensing, announced on Monday it has formed a new strategic partnership with technology platform Tokensoft International AG (Tokensoft) for asset tokenization. SEBA reported that it and Tokensoft have been working closely together on a range… Read More

May 9, 2020 @ 5:34 pm By Omar Faridi  |  

Zurich-based Numbrs, a mobile banking app provider, will be laying off 62 employees after investors backed out of a deal to allocate funds toward the development of the firm’s business. In August 2019, the Fintech firm claimed that it was valued at around CHF 1… Read More

May 8, 2020 @ 10:05 am By JD Alois  |  

Bitcoin Suisse has announced a Series A funding round at a pre-money valuation of CHF 275 Million (~USD $ 283 million). The company reports commitments of around CHF 20 million from “friends and family.” The funding round is being led by Roger Studer, a Swiss… Read More

May 6, 2020 @ 2:07 pm By JD Alois  |  

The Libra Association, founded by Facebook to create a global payments cryptocurrency, has announced the selection of Stuart Levey as its first CEO. Levey will step into the leadership position from HSBC, a global bank with 235,000 employees across 64 countries. Levey is currently serving… Read More

May 6, 2020 @ 7:13 am By Omar Faridi  |  

  Switzerland-based firm Alpian has secured CHF 12.2 million (appr. $12.54 million) through a Series A investment round. The funds raised will be used to establish a digital-first private bank, which will cater to the nation’s affluent market. As noted in a company release: “Independent… Read More

May 5, 2020 @ 9:49 am By JD Alois  |  

Vereign AG, based in Zug, Switzerland, has closed on a financing round of CHF 2.5 million (~ $2.58M) to establish a Swiss network for a verified and self-managed identity service. The financing round was led by AquilaDirekt AG and a renowned Swiss entrepreneur through a… Read More

May 3, 2020 @ 8:25 pm By Omar Faridi  |  

Sygnum Bank, a licensed digital asset bank, confirmed on April 30, 2020, that XRP digital tokens will be available through its banking services platform. Customers now have the option of depositing, trading, and accessing credit services using the XRP cryptocurrency. Headquartered in Switzerland, the FINMA-licensed… Read More

May 3, 2020 @ 3:47 pm By Omar Faridi  |  

Over 150 different Ethereum (ETH) projects have acquired almost $25 million in total grant funding to date. The Ethereum Foundation, a Switzerland-based non-profit entity supporting the ongoing development of Ethereum, is the largest donor. The foundation has allocated more than $21 million (of the total… Read More

April 29, 2020 @ 1:35 am By JD Alois  |  

Blockchain Trust Solutions BCTS is introducing a blockchain network, SwissDLT, that is said to combine Swiss features such as “reliability, security, neutrality” along with being compatible with other common blockchain systems, according to a release. BCTS has developed the solution with its infrastructure partner Axpo… Read More

April 27, 2020 @ 7:51 am By Omar Faridi  |  

  The Swiss Crypto Valley Association, a Fintech and blockchain-focused organization based in a region located near Zurich, is reportedly asking Switzerland’s government to provide CHF 100 million (appr. $102.7 million) in relief funding. This fund, if approved, would help with bailing out crypto and… Read More