Tagged: switzerland

AlphaPoint Opens Office in Switzerland to Expand Tokenization Services

AlphaPoint has opened up an office in Switzerland to take advantage of the robust tokenization market. AlphaPoint is a global provider of tokenization/digital asset services. AlphaPoint said that it is positioning itself in the Swiss capital to service a growing list of European clients. As… Read More

BlockState to Raise Capital via Self Hosted STO

Security tokenization platform BlockState will raise capital via its own website, according to a note from the firm. BlockState, a Switzerland-based blockchain focused company, will commence the sale for equity tokens beginning June 18, 2019. BlockState said its intent was to showcase the entire security… Read More

Facebook’s Crypto Payments Solution Libra Now Seeking $1 Billion in Investments

Following its registry in Switzerland, Facebook’s crypto payments solution, Libra Networks, is reportedly seeking $1 billion in investments. As previously reported, Libra was notably registered on May 2nd and aims to provide financial and technology services, as well as develop related hardware and software. The… Read More

Institute for Financial Services Zug IFZ Crowdfunding Monitor: In Switzerland, Crowdfunding Volume Tops Half a Billion Swiss Francs

The Institute for Financial Services Zug IFZ at the Lucerne University of Applied Sciences and Arts has published their annual crowdfunding report and it appears that Switzerland is developing a robust online capital formation market. The author of the study is Prof. Dr. Andreas Dietrich…. Read More

Switzerland’s SIX Exchange Planning Stablecoin Digital Currency Pegged to the Swiss Franc

A spokesperson for Switzerland’s largest stock exchange, the Zurich-based SIX Exchange, has confirmed in an email to Coindesk that SIX is developing a “stablecoin” pegged to the Swiss franc for use on the company’s forthcoming digital asset exchange: “Yes, we are currently working on a… Read More

Report States Average Internet Investor More Likely to Search for Bitcoin and Other Digital Assets as Opposed to Traditional Securities

Bitcoin Loved by Search BlockState, a security token issuance platform, has posted research regarding investor interest in traditional versus digital assets. According to BlockState, the average internet user is far more interested in crypto, like Bitcoin, Ethereum and Ripple, than traditional assets like bonds or… Read More

Facebook Registers Blockchain Company in Switzerland

Social media giant Facebook has reportedly set up a new fintech company that focuses on blockchain in Switzerland. According to Business Insider, the new fintech, named Libra Networks, with Facebook Global Holdings was named a stakeholder, was notably registered on May 2nd and aims to… Read More

CV Labs Launches New Incubation Program With 12 Blockchain Startups In Switzerland

CV VC (Crypto Valley Venture Capital) announced this week the launch of its new Incubation Program with 12 blockchain startups in Zug, Switzerland. The organization reported that out of 500 applications, 12 startups were selected and have relocated to Zug for the ten-week program. According… Read More

Crypto Valley Regulatory & Policy Working Group Task Force Publishes Recommendations Addressing FATF Virtual Asset Statement

Last February, the Financial Action Task Force (FATF) issued a statement on “virtual assets” recognizing the need to mitigate risk associated with money laundering and terrorist financing when it comes to cryptocurrency. The “draft interpretive note” regarding a segment on pending recommendations was open for… Read More

Wirecard Enables Swiss Android Users With Google Pay Through boon

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it is enabling Android users in Switzerland to benefit from the launch of Google Pay with boon. According to Wirecard, the mobile payment solution is now available for download in the Swiss Google… Read More

Switzerland: BlockState Launches Platform to Tokenize Privately Owned Assets, Announces First Equity Token Offering by Streetlife International

BlockState, a new Switzerland based tokenization platform, has announced the first security token offering (STO) from Berlin-based Streetlife International. BlockState is an online capital formation platform for privately owned assets. The company says it will tokenize assets under existing Swiss regulation. The first STO is… Read More

Pleasure and Pain: the Challenges of Running a Blockchain Company

There’s no doubt blockchain is a revolutionary technology changing what is possible in many areas of modern life. However, there are both pleasures and pains in being early adopters and forming a company based on blockchain technology. Security and flexibility are offset by regulation and… Read More

Smart Valor Lists Native Token on Bithumb

Smart Valor, a Swiss blockchain based startup, has listed its native crypto “Valor” on South Korea based Bithumb. Earlier this week, Bithumb apparently hosted an Airdrop for Valor and distributed 1 Valor per 2,000,000 KRW to its most active traders. Smart Valor announced last fall… Read More

Switzerland Wants to Create the Best Possible Framework for Fintech and Distributed Ledger Technology

The government of Switzerland wants create the very best environment for Fintech, and more importantly distributed ledger technology (DLT) to thrive. The Swiss Federal Council kicked off a consultation last month on the adoption of DLT/Blockchain seeking to “increase legal certainty, remove hurdles for DLT-based… Read More

CoverWallet Teams Up With Zurich insurance Group to Launch Online Platform for SME Insurance in Switzerland

Zurich Insurance Group (VTX:ZURN), one of the largest global insurance companies, and CoverWallet, the tech company that is the easiest way to understand, buy, and manage business insurance online, announced earlier this week they have teamed up to launch an online platform for SME insurance in… Read More

Swiss Financial Regulator FINMA Reports Illegal Activity by Envion AG & Initial Coin Offering

The Swiss Financial Market Supervisory Authority (FINMA) has issued a release stating it has found that Envion AG “unlawfully received public deposits on a commercial basis from at least 37,000 investors.” Envion is currently in the process of being liquidated by the Zug bankruptcy authority…. Read More

Linh Thanh Group and KRONN Ventures AG Sign MOU to Launch Crypto Exchange in Vietnam

KRONN Ventures AG, a Switzerland based blockchain focused company, has signed a memorandum of understanding(MOU) with Linh Thanh Group, for the “production of cryptocurrency and the establishment of cryptocurrency exchange” in Vietnam. According to a release, the group has received a license from regulators to… Read More

Swiss Legislative Branch Votes to Adapt Current Financial Regulations to Cover Cryptocurrencies

Switzerland’s Federal Council has voted 99-83 (with 10 abstentions) that existing “procedural instruments of the judicial and administrative authorities” should be adopted forthwith, “so that they can also be applied to cryptocurrencies.” The motion was introduced by Giovanni Merlini (FDP / TI), a Swiss Free… Read More

Crowdfunding Platform Bloomio Heightens Startup Scrutiny with Reviews by “Independent Experts”

Recognizing that most startups fail, Switzerland-based crowdfunding platform Bloomio says they are boosting their diligence and addressing “the biases that accompany in-house assessments of profits,” for companies raising capital on their platform. Bloomio reports they are working with a panel of “external, experts across 13… Read More

Switzerland: FINMA Adjusts Sandbox, Fintech Licenses

The Swiss Financial Market Supervisory Authority (FINMA) has published a set of adjustments regarding their policy for their Fintech License and Sandbox structure. In June of 2018, the Swiss parliament introduced a new licensing category for Fintech companies. The following August FINMA launched a consultation… Read More

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