Tagged: switzerland

September 11, 2019 @ 3:11 am By Omar Faridi  |  

We recently caught up with Steifan Deiss, co-founder and CEO of Blockchain Propulsion, a Switzerland-headquartered global accelerator program for blockchain startups.  Deiss, an MBA graduate from HWZ University of Applied Sciences, shared his views and insights regarding the emerging distributed ledger technology (DLT) industry and… Read More

August 29, 2019 @ 9:04 am By JD Alois  |  

Cryptix AG, a provider of services in the blockchain and DLT sector, has acquired digital asset exchange Blocktrade. Cryptix is based in Switzerland and Blocktrade is based in Lichtenstein. Details of the acquisition were not provided. Cryptix said the acquisition will not affect existing customers… Read More

August 26, 2019 @ 9:45 am By JD Alois  |  

The Swiss Financial Markets Authority (FINMA) has approved SEBA Crypto AG for a banking and securities license. SEBA joins Sygnum in becoming the first digital asset platforms to receive such a license. As with Sygnum, the license is provisional and will become finalized once SEBA… Read More

August 26, 2019 @ 9:30 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has published guidance as to the application of regulatory requirements for payments on the blockchain for financial services providers under FINMA supervision. Specifically, the guidance addresses anti-money laundering (AML) and know your customer (KYC) rules. In a release,… Read More

August 26, 2019 @ 8:52 am By JD Alois  |  

Digital asset platform Sygnum has received a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA). The Zurich, Switzerland based Fintech reports this is the first time a digital asset specialist has received the license from FINMA – joining SEBA who… Read More

August 25, 2019 @ 11:39 am By JD Alois  |  

Congresswoman Maxine Waters, the Chairwoman of the influential House Financial Services Committee, has issued a statement on her Bipartisan trip to Switzerland to learn more about Facebook’s plan to launch a stablecoin dubbed Libra. Facebook has incorporated Libra in the crypto-friendly jurisdiction of Switzerland like… Read More

August 23, 2019 @ 2:47 pm By Samantha Hurst  |  

Numbrs, a Switzerland-based fintech, announced this week it has secured $40 million through latest investment round. With the latest round of funding, the company is now valued at more than $1 billion and has been dubbed a Swiss Fintech Unicorn. Numbrs describes itself as a… Read More

August 19, 2019 @ 7:19 am By JD Alois  |  

Switzerland Global Enterprise (S-GE) and the Swiss Business Hub ASEAN expect to showcase approximately 30 different Fintech firms at the upcoming Singapore Fintech Festival this coming November. A noted Asian Fintech Hub, the annual Singapore Fintech Festival has captured wide participation from Southeast Asia as… Read More

August 6, 2019 @ 10:24 am By JD Alois  |  

Blockchain focused investor Crypto Valley Venture Capital (CV VC), in partnership with PwC’s Strategy& and IT partner inacta, has published a report claiming that the 50 largest companies in Crypto Valley, located in Switzerland, have risen in valuation from $20 billion at the end of… Read More

August 2, 2019 @ 8:33 am By JD Alois  |  

Fintech startup Aximetria GmbH has become a member of the Swiss Financial Services Standards Association (Verein zur Qualitätssicherung von Finanzdienstleistungen or VQF) in a step towards providing financial services in Switzerland. VQF is a Self Regulatory Organization (SRO) and is officially recognized by the Swiss… Read More

July 26, 2019 @ 1:13 am By Cali Haan  |  

On July 16, David Marcus, CEO of Facebook’s proposed currency project, Libra, told members of the U.S. Senate convened in a hearing that he expected the Swiss Federal Data Protection and Information Commissioner (FDPIC) to regulate financial privacy on Libra. The non-profit Libra Association is… Read More

July 25, 2019 @ 8:26 am By JD Alois  |  

Phone House, a European electronics retailers and telecommunications providers, has formed a partnership with UTtrust, a cryptocurrency payment solution. UTrust, based in Switzerland, went live earlier this year when football club Benifica enlisted its services to accept cryptocurrency payments. Beginning next month, Phone House customers… Read More

July 23, 2019 @ 8:06 am By JD Alois  |  

Smart Valor, a licensed Financial Intermediary in Switzerland and registered crypto-fiat exchange  in Liechtenstein, will go-live next week on July 30, according to an email from the company. Smart Valor claims to be the “first to build a fully compliant security token exchange for alternative… Read More

July 18, 2019 @ 8:50 am By JD Alois  |  

The first CV Labs incubation program is said to have ended in success as 12 startups from 8 different countries exited the incubator with an aggregate valuation of $10 million, according to a release. Crypto Valley reported that over 600 applicants applied for the incubator…. Read More

July 17, 2019 @ 1:45 pm By JD Alois  |  

Fintech software provider Temenos (SIX: TEMN), has acquired Logical Glue Ltd., a UK-based creator of the “Explainable AI” (XAI) platform. In a release, Temenos explained that the acquisition will accelerate Temenos’ artificial intelligence (AI) roadmap by providing AI credit scoring models that are immediately available… Read More

June 28, 2019 @ 9:34 am By JD Alois  |  

The Swiss Financial Market Supervisory Authority (FINMA) has introduced a new Fintech license and a “revision” of the provisions related to their Fintech sandbox ecosystem. FINMA stated that the Swiss parliament has introduced a new licensing category for Fintech companies. Simultaneously, FINMA said the Federal… Read More

June 26, 2019 @ 8:34 am By JD Alois  |  

Bitcoin is moving, once again. The most popular crypto has earned its wings as a popular speculation vehicle – driven by geopolitical events and perhaps some manipulation. Advocates proclaim its purity and lack of affiliation with any central agency. Detractors denounce it as little more… Read More

June 17, 2019 @ 10:43 pm By JD Alois  |  

Aspiring bank Mt Pelerin has announced a “one-stop shop” service to help companies tokenize and issue securities using blockchain tech. Mt Pelerin’s new tool is described as “giving companies of any size the possibility to access fundraising methods like IPOs more easily and without significant… Read More

June 13, 2019 @ 5:40 pm By JD Alois  |  

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

June 6, 2019 @ 2:10 am By JD Alois  |  

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