Tagged: switzerland

SEBA Hong Kong Opens HK Office to Establish APAC Presence

SEBA Bank AG, which claims to be a leading crypto bank in Switzerland having a suite of fully regulated banking services, officially opened its Hong Kong office for its subsidiary, SEBA (Hong Kong) Limited (SEBA Hong Kong). SEBA Bank says that it has “a strong… Read More

Digital Assets: SEBA Bank’s ETP Recognized as ETP of the Year

SEBA Bank, a regulated entity based in Switzerland, has been recognized as offering the ETP of the Year at the Swiss ETF Awards 2023. The bank’s SEBA Crypto Asset Select Index ETP (SEBAX) was acknowledged for the award. Founded in April 2018, SEBA Bank offers… Read More

UBS AG Launches Digital Bond that’s Publicly Traded on Blockchain-based Exchanges

UBS AG (SWX: UBSG) recently priced its inaugural senior unsecured digital bond, “a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).” The digital bond has “the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note but… Read More

BIS and Central Banks of France, Singapore, Switzerland to Explore CBDCs, DeFi Protocols

The BIS Innovation Hub is launching a new project around central bank digital currencies (CBDCs) and Decentralized Finance (DeFi) protocols “as part of its 2022 work program.” Project Mariana “explores automated market makers (AMM) for the cross-border exchange of hypothetical Swiss franc, euro and Singapore… Read More

Payments Firm Mercuryo Boosts Crypto Services via Fireblocks

Mercuryo, a payments Fintech, is boosting its crypto services by integrating with Fireblocks. Fireblocks is a leading digital asset infrastructure firm that powers the transfer, storing, and issuing of digital assets. Serving over 1500 financial institutions, Fireblocks enables exchanges, lending desks, custodians, banks, trading desks,… Read More

The Plan ₿ Forum – Lugano

The Plan ₿ Forum, hosted by Tether Operations Limited (Tether), the technology company supporting the blockchain-enabled platform that powers the largest stablecoin by market capitalization (USD₮) and the City of Lugano, announced new headlining expert speakers for its upcoming conference. The Forum will feature blockchain… Read More

Swiss Fintech vestr Secures CHF 10M via Round Led by Elevator Ventures

Swiss Fintech startup vestr has structured an oversubscribed financing round, “combining a traditional equity investment with a non-dilutive component.” Led by Elevator Ventures, the venture capital arm of Vienna-based Raiffeisen Bank International (RBI), the investment round “combines the resources of high-profile family offices in Switzerland,… Read More

Bitcoin Adoption: Relai Builds with Checkout.com to Provide Instant BTC Purchases

Relai, the Swiss bitcoin app, announces its partnership with Checkout.com, the global payments provider. The move reportedly makes Relai the “first and only” bitcoin company “to offer instant transactions through a wallet that’s entirely owned by the customer.” The partnership “means that Relai users will… Read More

City of Lugano Switzerland Partners with GoCrypto, Tether to Accept Bitcoin, USDT

As part of Lugano, Switzerland’s Plan ₿, a joint initiative between the City of Lugano and Tether to accelerate the use of Bitcoin, the city now accepts Bitcoin and USDT at the communities merchants. The service is using GoCrypto to enable crypto payments. USDT is… Read More

Saxo Bank Founder Invests €10M in Concordium Blockchain

Lars Seier Christensen, chairman of the Swiss non-profit Concordium Foundation and a global “pioneer” in FX and derivatives trading, has announced further investment in the ecosystem around Concordium Blockchain to the tune of 10 million Euros. Determined to help grow an ecosystem in which he… Read More

Regulated Crypto Bank: SEBA Bank Recognized as Top Digital Asset Offering

SEBA Bank, a Switzerland-based regulated “crypto-bank”, has been awarded the 2022 Digital Wealth Management Impact Award for “Digital Asset Offering’’ by global consultancy, Aite-Novarica Group. Mathias Schütz, Head of Client and Tech Solutions at SEBA Bank, commented on the award: “We are thrilled that our… Read More

BBVA Switzerland’s New Gen Acct Boosts Its Global Expansion via Digital Onboarding

BBVA New Gen, the investment product offered by the Group’s Swiss franchise, has completed its first year of existence. In a move to streamline the onboarding process, the bank now “lets prospective customers sign up online just by uploading a ‘selfie’, after which their identity… Read More

Crypto Bank: SEBA Bank Offers Ethereum Staking for Institutions

SEBA Bank, a Switzerland-based “crypto bank,” is now offering Ethereum staking for institutional investors. The announcement aligns with the MERGE – the event when Ethereum migrates from Proof of Work (PoW) to Proof of Stake (PoS). SEBA Bank is a regulated entity providing compliant access… Read More

Crypto Platform 21.co Raises $25 Million in Round Led by Marshall Wace, Valued at $2 Billion

21.co, a Switzerland-based crypto platform, has raised $25 million in a funding round led by Marshall Wace. The valuation of 21.co was set at around $2 billion apparently making 21.c0 Switzerland’s largest crypto unicorn. Marshall Wace, regulated by the UK FCA, is a hedge fund partly… Read More

Digital Financial Advisor Selma Secures Additional CHF 7M via Series A Extension

Digital financial advisor Selma Finance has reportedly extended its Series A round with an additional CHF 7 million. This investment has been led by TX Ventures, the venture capital division  of Swiss media firm TX Group, bringing its Series A fundraise to a total of… Read More

Zurich’s Skribble, a Digital Signature Specialist, Secures €10M to Expand Operations in Europe

Zurich-headquartered digital signature firm Skribble has finalized a EUR 10M round of funding. The firm’s investment round has been led by Munich’s Acton Capital Partners and Swiss VC company VI Partners. Contracts including employment and supplier agreements, along with delivery notes or tenders, have long… Read More

BXM Link AG, Part of BitMEX Group, Receives Membership Confirmation from Financial Services Standards Association in Switzerland

BXM Link AG has been granted membership confirmation from the Financial Services Standards Association (VQF), a Swiss self-regulatory organization (SRO) officially recognized by FINMA, the Federal Financial Market Supervisory Authority. The VQF membership granted to BXM Link AG, which will be “completely finalized soon after… Read More

Sberbank Switzerland Being Sold, Will Change Name Too

Sberbank Switzerland, part of one of the largest banks in Russia, is being sold while planning a name change. Sberbank has been impacted by the sanctions applied to the Russian regime due to its unprovoked invasion of Ukraine. Sberbank is partly owned by the government… Read More

Swiss Blockchain Firm Lena Instruments Launches Crowdfunding Service with “CloudFunding”

Lena Instruments, in partnership with Flare Network, has announced the launch of a new crowdfunding platform labeled “CloudFunding.” Lena Instruments is a blockchain and software firm based in Switzerland. Flare is a new blockchain that claims to have the first consensus protocol for external data…. Read More

Michael Shaulov: Co-founder and CEO at Fireblocks Explains Why DeFi Is the Future

In a recent interview, Michael Shaulov, Co-founder & CEO of Fireblocks– a digital asset and crypto technology provider – offered his insights into what’s happening now with DeFi, banking, and Web3. Fireblocks, which claims to be the #1 provider of digital asset and crypto custody… Read More

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